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List of professionals whose IRD registration is compulsory

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A gazette notice has been issued making it compulsory for those engaged in several fields such as medical, engineering, law, accounting and banking to register with the Inland Revenue Department (IRD) from today (01).

President Ranil Wickremesinghe has issued this gazette as the Minister of Finance, Economic Stabilization and National Policies.  

According to the relevant gazette, the people who are required to register with the IRD are listed below.

1. Practitioners registered with the Sri Lanka Medical Council (SLMC)

2. Members of the Institute of Chartered Accountants of Sri Lanka

3. Members of the Institute of Certified Management Accountants of Sri Lanka

4. Members of the Institution of Engineers Sri Lanka

5. Members of the Association of Professional Bankers

6. Members of the Sri Lanka Institute of Architects

7. Members of the Institute of Quantity Surveyors Sri Lanka

8. Attorneys-at-Law of the Supreme Court of Sri Lanka

9. Individuals who have registered their businesses in Divisional Secretariats

10. Individuals who are in possession of vehicles registered (other than three-wheelers, motorcycles and hand tractors) in Motor Traffic Department

11. Individuals who have purchased or acquired, by virtue of Deeds Transfer, of any immovable property in Sri Lanka

12. Employees whose monthly contribution from both employee and employer to any Provident Fund is more than Rs. 20,000

13. Any individual who obtains approval for a building plan from a Local Authority

14. Any other individual who receives payment of Rs. 100,000 per month or Rs. 1,200,000 for a 12-month period for providing any services in Sri Lanka

In addition, all persons who have completed the age of 18 on 31 December 2023, or who will turn 18 on or after 01 January 2024, will also be subject to this new provision.

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Presidential poll will be held first as scheduled: President affirms

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President Ranil Wickremesinghe affirmed that the Presidential election will be held as scheduled with the General Elections anticipated to be held early next year, the President’s Media Division (PMD) said.

The President gave this assurance during a meeting with the representatives of the United Republic Front headed by by its leader Parliamentarian Patali Champika Ranawaka at Sirikotha today.

The United Republic Front presented a proposal titled “A United Step for the Country” to President Ranil Wickremesinghe this morning (24), at ‘Srikotha’, the United National Party headquarters in Colombo.

After engaging in discussions with the President, the leader of the United Republic Front, Member of Parliament Patali Champika Ranawaka, along with his delegation, presented this proposal to the President.

Speaking at the event, President Ranil Wickremesinghe, highlighted the government’s concerted efforts over the past two years to stabilize the country’s economy, which had faced significant challenges. 

Stressing the government’s commitment to steering the economy towards recovery through strategic reforms, the President expressed his determination to continue these initiatives with the collective support of everyone.

Recalling his open invitation to all political parties to unite under a common agenda on behalf of the country, regardless of political differences, the President reiterated his willingness to embrace constructive proposals from all political parties as part of the nation-building efforts.

The President responded positively to the request made by MP Patali Champika Ranawaka to allow other political parties to participate in the upcoming negotiations with the International Monetary Fund (IMF) next month concerning the restructuring of foreign debts.

United National Party Deputy Leader and President’s Senior Adviser on Climate Change, Ruwan Wijewardena, along with Secretary General of the United National Party Palitha Range Bandara were also in attendance at the event. 

Representing the United Republic Front were Karu Paranavithana, Nishantha Sri Warnasinghe and Attorney-at-Law, Shiral Lakthilaka.

(dailymirror.lk)

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Dedicated SLBFE office to be established in Kegalle district

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In response to a joint request from the Kegalle Migrant Workers Committee and the Kegalle District political authority, Labour and Foreign Employment Minister Manusha Nanayakkara has assured the establishment of a dedicated Sri Lanka Bureau of Foreign Employment (SLBFE) office in Kegalle District.

The request was presented during the Jayagamu Sri Lanka program organized by the Ministry of Labour and Foreign Employment in Kegalle. 

The Committee emphasized the need for an SLBFE office in the district, which has the highest number of migrant workers in Sabaragamuwa Province.

Commending the Minister for his prompt action in establishing a new SLBFE office in Nuwara Eliya District following a similar request, the Committee expressed confidence in his swift response to their current appeal. 

Minister Nanayakkara pledged immediate steps to open an SLBFE office in Kegalle and instructed officials from the Ministry and SLBFE to take the necessary actions for its swift establishment. 

This move aims to enhance support and services for migrant workers in the district.

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Parliamentary committee demands CBSL report on salary hike amid criticism

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Amidst growing criticism over the substantial salary hike for Central Bank employees, a key parliamentary committee has taken action, demanding a report from the Central Bank regarding the legal basis for such an increment without parliamentary approval.

Chairman of the Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis, MP Gamini Waleboda, disclosed that the issue was raised during a committee meeting where Central Bank officials were present.

The Central Bank is now expected to submit a comprehensive report on the salary increment in the coming week. Following the submission, the Sectoral Oversight Committee intends to summon the Central Bank and its Monetary Board for further examination.

MP Waleboda highlighted that the committee expressed strong criticism of the 70% salary increase for Central Bank employees, especially given the ongoing economic crisis, deeming it an immoral act.

“We instructed the Central Bank to provide a report by next week to justify the salary increase. They will need to provide the legal provisions that empower them to effect such an increment. We will summon the Central Bank and its Monetary Board after receiving the report,” stated MP Waleboda.

Both government and opposition Members of Parliament (MPs) have voiced objections to the Central Bank’s decision to raise the salary scales by 70%, with Chief Opposition Whip Lakshman Kiriella asserting that the Central Bank Act lacks provisions for such salary increases without parliamentary approval, deeming it illegal.

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