Thursday, December 26, 2024
spot_img

Latest Posts

Excise Commissioner orders tax compliance check ahead of permit renewals for 2025

December 26, Colombo (LNW): Excise Commissioner General Udaya Kumara Perera has instructed the Inland Revenue Department (IRD) to compile and submit a detailed report regarding the tax compliance of licensed excise permit holders for the year 2025.

With nearly 2,000 excise permits due for renewal in the coming year, this step is intended to ensure a smooth and efficient process for both taxpayers and defaulters.

Commissioner General Perera confirmed that the IRD has already forwarded 1,636 applications for permit renewals, along with their respective tax clearance reports.

He emphasised that no permit renewal would be processed without confirmation of tax payments, which must be provided through official clearance documents from the IRD.

In light of this, Perera has recommended that the Department submit a full and comprehensive list of taxpayers well ahead of the renewal period to avoid delays and ensure prompt issuance of permits to those in good standing.

At present, the Inland Revenue Department is preparing to release 232 tax clearance reports, which will help expedite the permit renewal process as the new year approaches.

With approximately 4,500 excise permits required nationwide for the distribution and sale of alcoholic beverages, Commissioner General Perera stressed the importance of tax compliance for the proper functioning of the sector.

The excise system relies heavily on the prompt and accurate payment of taxes, and the streamlined submission of tax clearance certificates is crucial in maintaining the integrity of the licensing process.

Perera expressed confidence that the Inland Revenue Department would work efficiently to provide the necessary documentation, ensuring that only those who have met their tax obligations are granted renewed licences.

Latest Posts

spot_img

Don't Miss

Stay in touch

To be updated with all the latest news, offers and special announcements.