Inland Revenue Department to double profits

Teller · 1 Inland Revenue Department to double profits Tue Mar 10, 2015 1:35 am

Teller

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Inland Revenue Department aims to double profits with new programme

The Inland Revenue Department has taken steps to formulate tax audits efficiently.

Speaking at an event, Commissioner General of the Inland Revenue Department Wasantha Manchinayake said that close to 22,000 portfolios citing reasons for the failure to pay off taxes have been stacked up at the department.

A five-storey building will be allocated for the purpose of formulating audit reports at the Inland Revenue Department. The aim of the programme is to provide a favourable environment for the auditors to formulate audit reports in an efficient manner.

The Inland Revenue Department says that through this programme to expand the activities at the department, it aims to attract revenue for the government and also to double profits.local news

Senior Citizen · 2 Re: Inland Revenue Department to double profits Tue Mar 10, 2015 6:10 am

Senior Citizen

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Let them consult me as to how they could increase the spread of the Tax Net.

Just a few samples:

- companies should declare the payments made for services carried out by professionals including lawyers, doctors, architects and similar services

- hospitals should declare all payments made to medical practitioners

- banks should declare payments to lawyers
- higher taxes for persons who own more than two houses ( let them decide which house they would like to stay in)

- increase income tax for those earning more than 5 million a year.

- tax all tuition masters and wayside tutories
- let the retailers pay their taxes
- let the pet tach merchants pay their taxes

sureshot · 3 Re: Inland Revenue Department to double profits Tue Mar 10, 2015 10:02 am

sureshot

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will it be listed in CSE ?

Dhehan · 4 Re: Inland Revenue Department to double profits Tue Mar 10, 2015 10:22 am

Dhehan

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Senior Citizen wrote:Let them consult me as to how they could increase the spread of the Tax Net.

Just a few samples:

- companies should declare the payments made for services carried out by professionals including lawyers, doctors, architects and similar services

- hospitals should declare all payments made to medical practitioners

- banks should declare payments to lawyers
- higher taxes for persons who own more than two houses ( let them decide which house they would like to stay in)

- increase income tax for those earning more than 5 million a year.

- tax all tuition masters and wayside tutories
- let the retailers pay their taxes
- let the pet tach merchants pay their taxes

Good suggestions