Sunday, June 23, 2013

Dr. Jayasundara says well-to-do individuals, businesses and banks must pay their dues

Secretary to the Ministry of Finance and Planning Dr. P.B.Jayasundara says that well-to-do individuals, businesses and above all banks must pay their dues. Dr. Jayasundera made these comments at a seminar held in Colombo. A public seminar on recent amendments to tax law, organised by the Department of Inland Revenue, was held in Colombo. At this seminar, officials from the Department, made clarifications regarding changes to taxation law that were made through acts of Parliament that were passed in March and April this year in accordance with the 2013 budget. Secretary to the Ministry of Finance and Planning Dr. P.B.Jayasundara, was the Chief Guest at this event. Secretary of Ministry of Finance and Planning Dr. P.B. Jayasundara expressed these views 'Coming onto the future, we are concentrating more on the further refinement in systems, if necessary bring in further simplicity, with a view to bring in everybody, voluntarily, to the tax system. People those who can afford, must make a contribution. lt is worth making a contribution, because the country is in a journey of development. Rapid transformation. I hope that more than the individual, well-to-do people in the country, well-to-do enterprises in the country, well-to-do businesses in the country and above all banks pay their dues properly.'

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