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IRD withdraws temporary VAT numbers

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The Inland Revenue Department (IRD) has decided to withdraw the facility of providing temporary VAT (Value-Added Tax) numbers for imports for commercial purposes in view of the misuse of the system.

The move follows revelations that some businessmen, including those involved in the import of commodity items, were misusing the facility by obtaining temporary numbers under different names.

IRD Commissioner General Sepalika Chandrasekara told the Sunday Times that the measure had been taken in view of the revenue losses to the government from the abuse of the system.

She said revelations had been made that even porters employed in Pettah and shop assistants had obtained temporary VAT numbers and evaded tax payments.

She said that necessary amendments would be presented in Parliament shortly.

However, temporary VAT numbers will be issued for imports by the government.

Until the amendments are approved for imports of medicines too, temporary VAT numbers will be issued, she said.

Ms. Chandrasekara said those holding temporary VAT numbers were being registered for permanent VAT numbers, and already 6,000 had been registered.

A Treasury official said that with the new system, they hope to increase tax revenue.

He said that with the new amendments, there would also be strict controls on the import of items.

The official said they were estimating the losses suffered due to the temporary VAT number.

(sundaytimes.lk)
(Except for the headline, this story, originally published by sundaytimes.lk has not been edited by SLM staff) 

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Body of missing fisherman from capsized boat, recovered

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The body of one of the two fishermen who went missing after a multi-day fishing vessel capsized in the seas off the coast of Paravi Wella in Tangalle, has been recovered.

The Sri Lanka Navy (SLN) confirmed that the fisherman’s body was recovered during search operations, which were conducted with the assistance of the Sri Lanka Air Force (SLAF).

The fishing vessel, named “Maxim Putha 1,” was carrying six fishermen when the accident occurred while returning to shore after poaching.

A total of six fishermen were onboard the vessel when it capsized off the coast of Paravi Wella Beach in Tangalle, four of whom were rescued with the help of a dinghy.

Efforts are underway to locate the remaining missing fisherman.

Meanwhile, three other boat accidents were reported yesterday in seas off Galle, Kalutara and Hikkaduwa.

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Nationwide mosquito control program launches tomorrow

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In response to a surge in dengue cases, health authorities will launch a special mosquito control program tomorrow (June 30), covering 16 high-risk districts across the country.

According to the National Dengue Control Unit, the program will be in continue until the 5th of July.

A total of 28,752 dengue cases have been reported islandwide so far this year.

The highest number of cases were recorded from the Western Province.

Sixteen dengue-related deaths have been reported so far this year.

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President’s Fund donates one million to Ishaq Baig

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Religious and Cultural Affairs Minister Hiniduma Sunil Senevi today offered one million rupees from the President’s Fund to ailing veteran singer Ishaq Baig for his treatments.

The Sri Lankan Singers’ Association had launched a campaign “Ishak ta Kotiyak” (Rs. 10 million for Ishak) to raise funds for Ishaq Baig’s treatment and President Anura Kumara Dissanayake instructed to offer Rs. one million from the President’s Fund.

Minister Sunil Senevi visited Baig’s residence today and offered the cheque for one million rupees.

“Ishak ta Kotiyak”

Sri Lankan Singers’ Association President Rohan De Silva said they launched the campaign “Ishak ta Kotiyak” (Rs. 10 million for Ishak) to assist Ishaq Baig for his treatment and other expenses.

“Ishaq requires about Rs. 100,000 for his treatment and medicines monthly. We hope to make an investment with the funds so that Ishak could get at least Rs. 100,000 monthly for his expenses. We have been able to achieve the Rs. 10 million target within five days. However, we will keep the account open till the Esala Poya day while considering the request of well-wishers,” he said.

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