The second reading of the Inland Revenue (Amendment) Bill was passed in Parliament today (7) with a clear and decisive majority.
A total of 103 votes were cast in favor of the bill, while 58 votes were registered in opposition.
This bill had been the subject of extensive debate and scrutiny in the parliamentary chambers, reflecting its importance in shaping Sri Lanka's fiscal policy and revenue collection mechanisms.
Notably, the passage of the bill was guided by a legal precedent established by the Supreme Court of Sri Lanka.
The Supreme Court had previously ruled that the Inland Revenue (Amendment) Bill could be enacted in Parliament through a simple majority, affirming its constitutionality and paving the way for its consideration by lawmakers.