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Sugar Scam cost the state Rs. 15.9 Bn in taxes

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Colombo (News 1st); The Sugar Scam cost the state Rs. 15.9 Billion in taxes, said the Finance Ministry via a report to the Parliamentary Committee on Public Accounts on Tuesday (09).
The report further noted the Rs. 15.9 Billion in its entirety or a portion of it, benefited a small group of individuals.
Parliamentarian Dr. Harsha De Silva, who is a member of the Parliamentary Committee on Public Accounts speaking to News 1st said according to the report the reduction of taxes on sugar did not benefit the general public as a small group had control of prices in the market.
“The treasury lost almost Rs. 16 Billion from the sugar tax reduction,” said the MP. ....

Sri Lanka , Parliamentary Committee On Public , Parliamentary Committee On Public Accounts , Sugar Scam , Finance Ministry , Parliamentary Committee , Public Accounts , Harsha De Silva , ஸ்ரீ லங்கா , பாராளுமன்றம் குழு ஆன் பொது , பாராளுமன்றம் குழு ஆன் பொது கணக்குகள் , சர்க்கரை ஊழல் , நிதி அமைச்சகம் , பாராளுமன்றம் குழு , பொது கணக்குகள் , ஹர்ஷா டி சில்வா ,

W.M. Mendis accused of tax fraud amounting to over Rs.6 b

By Bandula SirimannaView(s):
Investigators have unearthed a massive tax evasion of more than Rs.6 billion by W.M. Mendis & Co. Ltd one of the renowned liquor manufacturers in Sri Lanka owned by Central Bank bond scam suspect Arjun Aloysius. It has also defaulted Rs. 1.1 billion in excise duty up to now inflicting a massive loss to the Excise Department, according to a recent investigation by the Inland Revenue Department (IRD).
This company has not paid necessary corporate income tax payment amounting to Rs. 2.63 billion and payment of VAT amounting to Rs. 3.55 billion to IRD during the previous regime and the IRD has taken legal action to recover these dues. ....

Sri Lanka , Bandula Sirimanna , Arjun Aloysius , People Bank , Wm Mendis Co , Parliamentary Committee On Public Accounts , Central Bank , People Leasing Company , Revenue Department , Excise Department , Inland Revenue Department , Finance Ministry , Business Times , Parliamentary Committee , Public Accounts , ஸ்ரீ லங்கா , அர்ஜுன் அலோசியஸ் , மக்கள் வங்கி , பாராளுமன்றம் குழு ஆன் பொது கணக்குகள் , மைய வங்கி , மக்கள் குத்தகை நிறுவனம் , வருவாய் துறை , கலால் துறை , உள்நாட்டு வருவாய் துறை , நிதி அமைச்சகம் , வணிக முறை ,

Rs. 2.3 b tax revenue to Excise Dept. outstanding: COPA

Says they are pursuing legal action against tax defaulters
COPA Chairman directs action be taken to fill vacancies in Dept.
Says security sticker on imported liquor bottles should also be placed on local products
Outstanding tax revenue due to the Excise Department for the period of five years ending December, 2019 stands at Rs. 2,376.2 million, the Parliamentary Committee on Public Accounts (COPA) heard yesterday.
Of this amount, tax arrears amounted to Rs. 479.9 million while delay charges amounted to Rs. 1,896.3 million, Excise Department officials told the Committee.
Commissioner General of Excise A. Bodaragama and other officials informed the Committee that legal action has been taken to recover the arrears. ....

Lasantha Alagiyawanna , Tissa Attanayake , Dayasiri Jayasekara , Shehan Semasinghe , Tissa Vitharana , Ranjith Bandara , Upul Galappaththi , District Coordinating Committee , Parliamentary Committee On Public Accounts , Ministry Sr Attygalle , Excise Department , Parliamentary Committee , Public Accounts , Ministers Dayasiri Jayasekara , Commissioner General , ரஞ்சித் பந்தரா , மாவட்டம் ஒருங்கிணைத்தல் குழு , பாராளுமன்றம் குழு ஆன் பொது கணக்குகள் , கலால் துறை , பாராளுமன்றம் குழு , பொது கணக்குகள் , ஆணையர் ஜநரல் ,