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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka to hold a ‘Tax Week’

Sri Lanka to hold a ‘Tax Week’

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1Sri Lanka to hold a ‘Tax Week’ Empty Sri Lanka to hold a ‘Tax Week’ Thu Oct 04, 2012 5:43 pm

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sri Lanka has decided to hold a ‘Tax Week’ annually in a bid to encourage the public to comply with the country’s taxation system.

The proposed week to be held every year from the 1st of November to 8th November, is also aiming to educate the public on the available tax reliefs and tax holidays, which they can benefit from.

The ‘Tax Week” will focus on building public confidence in the country’s tax administration and also create awareness on tax related activities carried out by the Department of Inland Revenue and Sri Lanka Customs.

Government says, the ‘Tax Week’ will look to enlighten the public of the contribution they could render towards future prosperity of the country through timely payment of taxes.

Both direct and indirect taxes comprise the government’s biggest revenue source in Sri Lanka.

Cabinet of Ministers has given their approval to the proposed tax week.
http://www.news360.lk/economy/taxation-revenue-sri-lanka-04-10-2012-announces-annual-%E2%80%98tax-week%E2%80%99-794656

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