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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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South Korean actress Kim Sae-ron found dead at home

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South Korean actress Kim Sae-ron has been found dead at her home, a police official with knowledge of the case said on Sunday.

Kim, 24, was one of most promising actresses in South Korea, but her career took a hit after a drunk driving incident in 2022.

A friend who was going to meet Kim visited her home and discovered her and called the police, Yonhap News Agency said.

Police found no foul play, according to Yonhap.

The police official said police are investigating the cause of death but did not provide further details.

Source: Reuters

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NPP govt to present inaugural Budget today

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President Anura Kumara Dissanayake, in his capacity as Finance Minister, will present the inaugural budget of the new government to Parliament today (17).

The budget speech is set to commence at 10:30 AM, outlining the administration’s economic priorities and development plans.

The budget debate will run from February 18 to March 21, with the committee stage debate beginning on February 27. The final vote on the third reading of the budget is scheduled for March 21.

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Major liquor smuggling racket busted in Delkanda

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A smuggling operation involving high-priced foreign liquor concealed among motor vehicle spare parts has been uncovered by the officers of the Central Anti-Corruption Task Force stationed in Walana, Panadura.

The raid, conducted on Saturday (15), targeted a motor vehicle spare parts shop in Delkanda owned by a well-known businessman, where a stock of foreign liquor worth around Rs. 10 million was discovered.

According to the Anti-Corruption Task Force, the liquor stock had been meticulously hidden among motor vehicle spare parts on the ground floor of the business premises.

A 59-year-old man from Maharagama, who was working as the store manager, was taken into custody in connection with the operation.

Investigations revealed that the businessman who owns the establishment also operates two nightclubs in Kollupitiya and Kotte. It was determined that the liquor concealed at the spare parts store was intended for use in these nightclubs. A senior police officer confirmed that the liquor bottles were cleverly hidden inside motor vehicle spare part boxes and transported into the country.

The Anti-Corruption Task Force had received intelligence about the smuggling ring from the unit’s Chief Inspector Indika Weerasinghe. Based on this information, Assistant Superintendent K.A. Udaya Kumara devised an operation, which was executed by a team led by Sub-Inspector Wimal and other officers.

(dailynews.lk)
(This story, originally published by dailynews.lk has not been edited by SLM staff)

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