President meets Customs, IRD officials: Discusses strategies on enhancing revenue generation

9 October 2024 08:40 pm Views - {{hitsCtrl.values.hits}} 5 Bookmark

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Colombo, October 09 (Daily Mirror)- President Anura Kumara Dissanayake held a key meeting today with senior officials from both the Sri Lanka Customs Department and the Inland Revenue Department on strategies to enhance revenue generation and improve operational efficiency within both departments, in line with the government’s broader economic mandate.

The President's Media Division (PMD) said during the meeting, officials from both departments presented the challenges they face in managing revenue and tackling tax evasion where they stressed the importance of strengthening coordination between the Inland Revenue Department (IRD) and Customs to effectively combat these issues.

It was highlighted that better collaboration would ensure more robust enforcement of tax laws and prevent tax leakage, further boosting the country’s revenue collection.

Comments - 5

Sam Silva Thursday, 10 October 2024 01:48 AM

You are discussing with the same corrupted ones assuming they are going to change their bad habits.

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Ram P Thursday, 10 October 2024 05:30 AM

It will be prudent to open a reward fund for IRD and Customs giving a small percentage to the fund from the collections they make after chasing the defaulters/detections. This is in place for over 5 decades for the Police where they get some percentage from the wise cases fines to their reward fund. That will be an incentive

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Engage Whistleblowers By Providing Incentives Thursday, 10 October 2024 06:14 AM

Engage whistleblower’s by giving some incentive. Banks and financial institutions needs to be rope in to assist if constant deposit are undertaken by private individuals. All avenues must be secured to find the tax collection “leakages”.

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Jeya Thursday, 10 October 2024 08:01 AM

Mr President, digitise everything. Don't trust these people.

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Suhada malli Thursday, 10 October 2024 11:45 AM

President Anura. Sir the most effective way to strengthen revenue collection is to pay the Change Request fees to the Singaporean company that implemented RAMIS Tax collection IT system and get them to do the integration of all the key departments such as IRD Customs Excise FIU (at CBSL) RMV etc. Once automated, using data analytics you can figure out suspicious variances and take necessary action.

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