Inland Revenue (Amendment) Bill enacted!

Date:

The Inland Revenue (Amendment) Bill recently approved in Parliament with a majority vote has been enacted by Speaker Mahinda Yapa Abeywardena yesterday (19). With his signature, the Inland Revenue (Amendment) Bill has been enacted.

The Bill was subject to debate during its second reading on December 09 and was favoured by 83 votes, with 41 votes in objection.

During the debate for its third reading, 79 votes were cast in favour and 36 in objection.

Conclusively, the new Amendment Bill will be enacted as the Inland Revenue (Amendment) Act No. 45 of 2022, with the signature of the Speaker.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

The Importance of Personal Data Protection in the Digital Age

Nalinda Indatissa, President's Counsel In today’s digital world, personal data...

Blue Diamonds Seeks Lifeline amid Investor and Compliance Challenges

Blue Diamonds Jewellery Worldwide PLC is attempting to chart...

Tax Windfall Masks Deeper Shifts in Vehicle Consumption

Beyond the headline figures of revenue windfalls and rising...

Government Rolls Out Massive Credit Lifeline for MSMEs

In the aftermath of Cyclone Ditwah, the Government has...