The amendments proposed by the Attorney General for the Inland Revenue (Amendment) Bill should be included at the committee stage before the Bill is passed speaker Mahinda Yapa Abeywardena said in parliament today. He stated this conveying the determination of the Supreme Court on the petition challenging the Inland Revenue (Amendment) Bill. An application challenging the Inland Revenue (Amendment) Draft Bill was filed before the Supreme Court on Oct. 27.
A general manager of an apparel factory by the name U.S. Ranaweera, residing in Homagama area, had put forward the said application, naming the Attorney General as its respondent.
The draft bill was published in the government gazette on October 12. The special gazette was issued by the Minister of Finance, Economic Stabilization and National Policies to amend the Inland Revenue Act, No.24 of 2017.
The new income tax proposals discourage many sectors in the country including exports, local industries and developmental activities, the petitioner has pointed out.
The petitioner had alleged that the proposed income tax changes in the Inland Revenue (Amendment) Draft Bill are a serious violation of the government’s obligations to guarantee social security and ensure public welfare, pursuant to the Constitution.