State Minister of Finance Eran Wickramaratne today said that no taxes would be imposed with regard to any place of religious worship under the proposed Inland Revenue Bill.
Minister Wickramaratne also told a news conference that there would be no tax reformations on the Employee’s Trust Fund (ETF).
The proposed Inland Revenue Bill is to be tabled in Parliament tomorrow.(Diana Udayangani)
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Lord Wolfstein Friday, 25 August 2017 09:12 AM
As long as the funds collected by religious institutions are used for religious purposes and the preservation of their buildings a tax exemption is justified. However, a proper bookkeeping must be maintained which has to be constantly audited by the Auditor General's Office.
Mahinda Friday, 25 August 2017 09:33 AM
So, temples to thrive, monks and MPs to be lavished with 50-70 million tax-free car permits which they can sell and more millions from President's fund for them to get overseas medical treatment and PEOPLE TO PAY MORE TAXES; ela kiri.
AS Friday, 25 August 2017 11:37 AM
Are you going to waive/reduce VAT, NBT, Telecommunication levy etc?
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