header logo
Rhythms of Lanka
Mogo Academy
Latest
Speaker conveys SC’s determination on petition against Inland Revenue (Amendment) Bill
Nov 17, 202210:43 AM
Speaker conveys SC’s determination on petition against Inland Revenue (Amendment) Bill
Mobitel Inner

The amendments proposed by the Attorney General for the Inland Revenue (Amendment) Bill should be included at the committee stage before the Bill is passed, Speaker Mahinda Yapa Abeywardena told the parliament today (Nov. 17).

 

He stated this conveying the determination of the Supreme Court on the petition challenging the Inland Revenue (Amendment) Bill.

 

An application challenging the Inland Revenue (Amendment) Draft Bill was filed before the Supreme Court on Oct. 27.

 

A general manager of an apparel factory by the name U.S. Ranaweera, residing in Homagama area, had put forward the said application, naming the Attorney General as its respondent.

 

The draft bill was published in the government gazette on October 12. The special gazette was issued by the Minister of Finance, Economic Stabilization and National Policies to amend the Inland Revenue Act, No.24 of 2017.

 

According to the draft proposal, it was decided to impose taxes on people based on different income-earning criteria.

 

If passed in parliament, the proposed bill will revise a number of levies and will further empower the Inland Revenue Department as the primary agent for collecting taxes and dealing with issues arising with taxes on behalf of the government.

 

The petitioner alleges that the government has reduced the minimum taxable income of a person from Rs. 250,000 to Rs. 100,000, placing a heavy tax burden on the general public already hit hard by the ongoing economic crisis.

 

The new income tax proposals discourage many sectors in the country including exports, local industries and developmental activities, the petitioner pointed out.

 

The petitioner alleged that the proposed income tax changes in the Inland Revenue (Amendment) Draft Bill are a serious violation of the government’s obligations to guarantee social security and ensure public welfare, pursuant to the Constitution.

 

The petitioner, noting that Articles 14, 16, 22, 29, 36 and 39 are unconstitutional, requested the Supreme Court to determine that the draft bill should be passed by a two-thirds majority in the parliament and a public referendum.

 

 

 

MostRead
Mobitel Upahara
VideoStories
ADB extends $200M to help Sri Lanka tackle economic pressures from Middle East conflict

ADB extends $200M to help Sri Lanka tackle economic pressures from Middle East conflict

Ceypetco announces that fuel prices will remain unchanged in August

Ceypetco announces that fuel prices will remain unchanged in August

'Suwa Seriya' free ambulance service marks 10 years as India pledges 100 more ambulances

'Suwa Seriya' free ambulance service marks 10 years as India pledges 100 more ambulances

Ex-Defence Secretary and ex-IGP sentenced to death over failure to prevent 2019

Ex-Defence Secretary and ex-IGP sentenced to death over failure to prevent 2019

TV Derana named ‘Youth TV Channel of the Year’at 7th New Generation "Youth Top40" Awards

TV Derana named ‘Youth TV Channel of the Year’at 7th New Generation "Youth Top40" Awards

Latest S&P assessment reflects Sri Lanka’s rising investor confidence and economic stability

Latest S&P assessment reflects Sri Lanka’s rising investor confidence and economic stability

Buddhists across Sri Lanka observe sacred Esala Full Moon Poya today

Buddhists across Sri Lanka observe sacred Esala Full Moon Poya today

“Govt. seeking a one-party rule” - Sajith also opposes govt. move to extend retirement age of judges

“Govt. seeking a one-party rule” - Sajith also opposes govt. move to extend retirement age of judges

“Modern rulers cannot tolerate the saffron robe ”Maha Sangha calls for protection of Buddhasasana

“Modern rulers cannot tolerate the saffron robe ”Maha Sangha calls for protection of Buddhasasana

Cabinet approves contentious proposal to extend retirement age of all judges

Cabinet approves contentious proposal to extend retirement age of all judges

Government will not expand paddy cultivation - Minister Lalkantha

Government will not expand paddy cultivation - Minister Lalkantha

Sri Lanka on El Niño alert: Rains expected in Oct-Nov, heat waves not expected in Sri Lanka

Sri Lanka on El Niño alert: Rains expected in Oct-Nov, heat waves not expected in Sri Lanka

BASL condemns MP Asitha Niroshana’s allegations as "false and malicious"

BASL condemns MP Asitha Niroshana’s allegations as "false and malicious"

 Sri Lanka’s dengue death toll rises to 61 as cases exceed 80,000

Sri Lanka’s dengue death toll rises to 61 as cases exceed 80,000

No-confidence motion against Justice Minister defeated in Parliament with majority of 116 votes

No-confidence motion against Justice Minister defeated in Parliament with majority of 116 votes

Lassana Flora