State Minister of Finance Ranjith Siyambalapitiya says that instructions have been issued to collect the taxes due from certain liquor manufactures in the country, within a period of 14 days.
The State Minister points out that the Government is due around Rs. 6.16 billion in total, as a collective of taxes and overdue payments from distilleries.
The relevant tax payments are due to be collected from 10 liquor manufacturing companies, Siyambalapitiya pointed out, adding that the companies were summoned June 27 and informed to complete those payments within 14 days.
State Minister Siyambalapitiya further expressed that action will be taken against those companies if they will fail to take measures to settle the due payments within the stipulated time.
Meanwhile, Siyambalapitiya stated that a series of unique recommendations including the establishment of a special court will soon be submitted for the President’s approval to resolve the legal problems emerging in tax collection.
The State Minister stated that the plan incorporates several particular topics to address practical challenges linked to tax collection, the President’s Media Division (PMD) reported.
According to the Minister, raising state income is a key economic concern in the country, thus it is critical to collect taxes legally in order to enhance state income. As a result, the Minister instructed the liquor manufacturing companies that have already defaulted to pay the related amount within 14 days. He also mentioned that a special order has been issued.
The Minister stated that the country still has a voluntary tax system, which should be rectified immediately, the PMD said.
State Minister Ranjith Siyambalapitiya expressed these views while attending the press conference organized by the Presidential Media Centre (PMC) yesterday (28) under the theme ‘One path to a stable country’.
