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
 “There is another reason behind the rush” – Lawyers’ body questions judges’ retirement age move

“There is another reason behind the rush” – Lawyers’ body questions judges’ retirement age move

New Constitution, land issues take centre stage as Tamil and Muslim leaders meet President

New Constitution, land issues take centre stage as Tamil and Muslim leaders meet President

Mahara Prison Clash: Multiple investigations launched into Rs. 150 million damage

Mahara Prison Clash: Multiple investigations launched into Rs. 150 million damage

Bad weather wreaks havoc across Sri Lanka Warning for heavy rains, strong winds & landslides issued

Bad weather wreaks havoc across Sri Lanka Warning for heavy rains, strong winds & landslides issued

“Prisoners’ safety must be guaranteed by the govt” Several factions demand answers from Minister

“Prisoners’ safety must be guaranteed by the govt” Several factions demand answers from Minister

Mahara Prison unrest damage estimated at Rs. 150 million; Video evidence and masterminds under probe

Mahara Prison unrest damage estimated at Rs. 150 million; Video evidence and masterminds under probe

"Bringing smiles to little hearts" Children learn the art of kite-making at Derana Kite Workshop

"Bringing smiles to little hearts" Children learn the art of kite-making at Derana Kite Workshop

“Need to find out if it was controlled from outside”; Justice Minister on Mahara Prison unrest

“Need to find out if it was controlled from outside”; Justice Minister on Mahara Prison unrest

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

Lassana Flora