January 27, Colombo (LNW): Investigations were started by the Inland Revenue Department on individuals and organisations charging value-added tax (VAT) without registering for the recently-revised levy.
Accordingly, an investigation was conducted on 24.01.2024 based on information received about a business place operating in Colombo city limits that was not registered for VAT.
The authorities of that company were not allowed to enter the office premises and were locked there, so the department had to request the help of the police.
On the presence of the police officers, department officers had to open the lock and enter the premises.
Accordingly, the audit has been started to find the correctness of the information and to inquire whether the correct taxes have been paid.
