The Commissioner General of Excise, Saman Jayasinghe, has announced the suspension of the license extensions for five liquor companies due to their failure to settle tax arrears. The annual licenses of these companies were not renewed, and they officially expired on the 30th of October.
These actions were taken in response to outstanding tax arrears amounting to over Rs. 600 million owed by the concerned liquor companies. The suspension serves as a measure to enforce compliance with tax regulations and obligations within the liquor industry.
