Despite the Government imposing a a one-off Casino Industry levy of LKR 1 Bn each on the 4 Casinos established in Sri Lanka in 2015, a report by publicfinance.lk details that the Inland Revenue Department (IRD) is yet to receive arrears amounting to LKR 2.67Bn.
Following the imposition of the LKR 1 Bn one-off levy, a total of LKR 4 Bn was owed to the Inland Revenue Department. However, by the end of 2015, only LKR 80 Mn had been collected from these businesses.
The report further mentions that in 2016, the Auditor General’s (AG) report revealed that only LKR 400 Mn had been collected so far from these entities, and no action had been taken to recover the remaining LKR 3.6 Bn and this had also not been recorded as tax arrears.
Moving on to 2019, publicfinance.lk states that a cumulative total of only LKR 1,330 Mn had yet been collected. A further LKR 2,670 Mn remained unrecovered.
As of now in 2021, the Inland Revenue Department revealed that casino businesses still owed them a total of LKR 2.67 Bn in tax arrears, highlighting the minimal progress of collecting these taxes.
Source: publicfinance.lkCasinos owe Rs. 2.67 Bn to IRD: Public Finance
07 Oct 2021
Casinos owe Rs. 2.67 Bn to IRD: Public Finance
07 Oct 2021
Despite the Government imposing a a one-off Casino Industry levy of LKR 1 Bn each on the 4 Casinos established in Sri Lanka in 2015, a report by publicfinance.lk details that the Inland Revenue Department (IRD) is yet to receive arrears amounting to LKR 2.67Bn.
Following the imposition of the LKR 1 Bn one-off levy, a total of LKR 4 Bn was owed to the Inland Revenue Department. However, by the end of 2015, only LKR 80 Mn had been collected from these businesses.
The report further mentions that in 2016, the Auditor General’s (AG) report revealed that only LKR 400 Mn had been collected so far from these entities, and no action had been taken to recover the remaining LKR 3.6 Bn and this had also not been recorded as tax arrears.
Moving on to 2019, publicfinance.lk states that a cumulative total of only LKR 1,330 Mn had yet been collected. A further LKR 2,670 Mn remained unrecovered.
As of now in 2021, the Inland Revenue Department revealed that casino businesses still owed them a total of LKR 2.67 Bn in tax arrears, highlighting the minimal progress of collecting these taxes.
Source: publicfinance.lkKapruka
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!