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Rs.30mn fraud in Enrique concert

24 December 2015 03:21 am - 14     - {{hitsCtrl.values.hits}}

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The Treasury Department of the Colombo Municipal Council has filed a case yesterday against the organiser of the live concert by Latin music idol Enrique Iglesias held last Sunday at the CR&FC Grounds -- for failing to pay nearly Rs. 30 million in taxes.

Entertainment tax amounting to Rs. 29,125,845 has allegedly been unpaid by the organiser of the event.

Rs. 88,200,000 had been paid to Iglesias as his fee.

The organiser had paid Rs.6.4 million to the CMC as tax on the income from the sale of tickets.

All the tickets had to be approved and sealed by the CMC. But only a few tickets had been given to the CMC for approval and sealing.

On investigation, it had been found out that the organisers had sold tickets that had not been taken from the sealed packets -- and that the real income from the concert was higher than the amount given in the accounts submitted to the CMC.

Tickets had been priced at Rs. 5000, 10,000, 25,000 and 35,000. Ten thousand tickets had been sold. (Jayantha Samarakoon)

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  Comments - 14

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  • Lanka Thursday, 24 December 2015 09:17 AM

    So much for a bribery, corruption and fraud free country.

    Budditha Thursday, 24 December 2015 09:26 AM

    Yes taxes are important. But this is not how you encourage new business.

    Nimal Thursday, 24 December 2015 09:48 AM

    Huh... Encourage fraud?

    BE Fair Thursday, 24 December 2015 12:24 PM

    What a "Square Cut" this is.Strange, the shots are now sharper than before retirement

    Danushka Thursday, 24 December 2015 12:25 PM

    Idiot, fraud and bribery will happen anywhere in thr world, thats why the CMC has filed a case against it to catch them. During the previous regime these cases didnt even come up. Stupid fool

    Heshan Thursday, 24 December 2015 01:14 PM

    what a stupid comment by Budditha. Idiots like you ruin the country

    Cris Thursday, 24 December 2015 01:44 PM

    Ha? Entertainment tax? Did the Mayor also performed in the concert? Sheesh. Bad I missed the show. This is contradictory. Tourism ministry encourage entertainment tourism and CMC chraging taxes? Do they own CR

    Dee Thursday, 24 December 2015 02:24 PM

    Retirement benefits.

    Chandrsiri Thursday, 24 December 2015 02:29 PM

    Can anyone tell me who r the organizers ??

    Chandrasiri Thursday, 24 December 2015 02:31 PM

    Can anyone tell me who r the organizers ?

    Sanga Fan Thursday, 24 December 2015 03:27 PM

    Without doing any work CMC come to collect tax. They never even check for facilities they provided to those who buy tickets but rush to count money!!

    Nihal Thursday, 24 December 2015 04:45 PM

    if you are doing any kind of business you have to pay Tax in any country. you make profit so why you can´t pay some for the Govt. hiding and paying part of the Tax is not correct have to claim in courts thats the way such fool organizers

    Chature Thursday, 24 December 2015 07:06 PM

    Live Events, a company owned by Kumar Sangakkara and Mahela Jayawardene (seriously).

    jimmy shaw Friday, 25 December 2015 11:37 AM

    Tax fraud but then add in all the VIP tickets that were sold but ended up having to share their seats with those who purchased tickets for 5000 lkr . what a joke the VIp people should get a lawyer and sue live events....


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