IRD Conducts Raids on Businesses Charging Illegal VAT, Seizes Documents and Computers

• The Inland Revenue Department (IRD) is cracking down on businesses charging VAT without being VAT-registered.
• Customers affected by unlawful practices can complain directly to the IRD Commissioner General.
• IRD officials raided a business entity in Colombo after a customer complaint and seized documents and computers.
• Police assistance was required to enter the premises of the business entity.
• A separate audit inquiry has been launched to determine if the entity maintained VAT files and paid relevant taxes.
• Legal action and penalties can be initiated against non-VAT registered entities.
• Individuals who were wrongfully charged with VAT can send relevant details to the IRD Commissioner General for action.

Source: sundaytimes.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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