News

MPs under IRD radar for possible tax-related fraud

Published

11 months ago

July 6, 2024

editor

The Daily Mirror has reported that the Inland Revenue Department (IRD) has intensified its investigation into MPs who may be involved in tax fraud.

The website further reported:

Sri Lanka’s new anti-corruption law provides for the declaration of assets by MPs.

An informed source said that the IRD, in its attempt to widen the tax net, has targeted parliamentarians for possible frauds.

Sri Lanka recently took a host of measures for the increase of state revenue as stipulated in the programme with the International Monetary Fund (IMF). In addition to the increase of tax rates, it also took steps to widen the tax network.

Earlier, a top parliamentary committee informed that revenue collection mechanism should be strengthened to net those evading tax payments. Sri Lanka’s revenue-collecting bodies exceeded the tax revenue target by six per cent for the first quarter ended on March 31.

The government expects a revenue collection of Rs. 4,106 billion in 2024. Sri Lankan Customs, Excise Department and Inland Revenue Department are the three collection bodies.

News

03 vehicles collide at railway crossing

Published

1 hour ago

May 21, 2025

editor

03 vehicles have collided at the Merawala railway crossing on the Chilaw-Colombo main road.

The accident occurred at around 6.25 a.m. this morning (May 21) when a van, which had stopped behind a fuel bowser at the Chilaw Marawala railway crossing while it was closed for train traffic, was rear-ended by a prime mover transporting cement.

The prime mover had been unable to stop due to brake failure.

The van involved in the accident sustained significant damage and Chilaw Police are currently conducting further investigations.

(Pic: Accident 1st)

News

Ramith Rambukwella arrives before CIABOC

Published

1 hour ago

May 21, 2025

editor

Ramith Rambukwella – son of former Minister Keheliya Rambukwella arrived at the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) earlier today (May 21) to record a statement.

Colombo Chief Magistrate Thanuja Lakmali yesterday (May 20) ordered the further remand of Keheliya Rambukwella until June 03, following his arrest by the CIABOC over 03 complaints related to alleged corruption.

The court also granted permission to name Ramith Rambukwella as a suspect in the case.

News

Mahindananda seeks permission for home cooked meals

Published

1 hour ago

May 21, 2025

editor

Former Minister Mahindananda Aluthgamage, who is currently in remand custody, has submitted a written request to prison authorities seeking permission to receive food from his home.

He is currently being held at the “M 2” ward of the Colombo Remand Prison along with around 10 other prisoners, according to reports.

It is also reported that former minister Keheliya Rambukwella is being detained in the same ward.