The Department of Inland Revenue has issued a reminder that all outstanding taxes for the 2023/2024 assessment year must be settled by December 26.
Commissioner General of Inland Revenue, Sepalika Chandrasekara, stressed that no penalty waivers will be granted for late payments by individuals or companies failing to meet the deadline. She emphasized that the Department has already begun field inspections and legal actions under the Inland Revenue Act to recover unpaid self-assessed taxes and other outstanding dues.
Starting January 2025, the Department will intensify its efforts against defaulters by initiating legal proceedings. Funds may also be directly recovered from the bank accounts of tax defaulters without prior notice. Furthermore, criminal cases will be filed based on the amount of taxes outstanding, reinforcing the Department’s commitment to ensuring compliance.
