COPA Urges IRD to Ensure Proper Collection of VAT for Government Revenue

• COPA advises Inland Revenue Department to ensure proper collection of VAT
• 13,000 companies currently registered for VAT being investigated for proper tax payment
• Inland Revenue Department officials met under Chairman MP Lasantha Alagiyawanna
• 1,98,253 new taxpayers registered in 2023
• Inland Revenue Department unable to take over and maintain RAMIS software due to lack of human resources
• Six organizations working on connecting to Ramis system, Registrar of Companies delayed due to technical reasons
• Committee recommends Department to make updates and connect with RAMIS system
• Progress report to be submitted to committee before January.

Source: dailynews.lk

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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