Srilanka, Feb. 20 -- The government's latest amendments to the Tax Appeal Commission (TAC) law have come under fire from the business community, with concerns mounting over its efficiency and fairness in addressing the taxpayer grievances.
A representative from a leading blue-chip company this week questioned the sustainability of the proposed changes, pointing to a lack of transparency, clarity and uniformity in tax assessments carried out by the Inland Revenue Department (IRD).
As part of Budget 2025, the government this week announced a series of proposed changes to the TAC law, including the introduction of mandatory deposits before appealing and increased fees for tax filing appeals.
Among the key amendments is the increment of ...
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