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Inland Revenue Bill put off till Sept. 06

The debate on the Inland Revenue Bill, which was scheduled to be taken up yesterday, was put off to the next Parliamentary sitting date (Sept. 06).

 

Leader of the House and Highways and Higher Education Minister Lakshman Kiriella told the House that the Bill would not be moved for debate as the third reading of Local Authorities Elections (Amendment) Bill had consumed more time than expected.

 

The government presented the Inland Revenue Bill in Parliament for the first reading on July 5. The Bill is to provide for the imposition of income tax for any year of assessment commencing on or after April 1, 2017.

 

The Bill, also seeks to introduce a new income tax structure.

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