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Tax collection

Sri Lanka to expand tax collection

Sri Lanka's State Minister of Finance, Ranjith Siyambalapitiya, announced that the government plans to collect taxes from 14 sectors that have previously been untaxed. 

Speaking to reporters in Kegalle, Siyambalapitiya stated that inquiries have begun to ensure tax compliance in these sectors.

The State Minister emphasized that no one will be allowed to evade tax payments, noting that there has never been a time when such special attention was paid to tax compliance. 

Last year, 14 sectors were identified for mandatory tax registration, including large-scale tuition classes, private schools, private medical services, engineering services, and surveying services.

"The Inland Revenue Department is conducting inquiries into the income of all entities registered under these fourteen sectors," said Siyambalapitiya.

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