Proposed to reduce the tax appeal period
January 12, 2024 - 1:10 PM
The Sectoral Oversight Committee on National Economic and Physical Planning has proposed to reduce the 2-year period given to a tax appeal to the Commissioner General of the Inland Revenue Department to 6 months.
The parliamentary communication department said that this step was taken when the said committee met under the chairmanship of Mr. Mahindananda Aluthgamage.
Thus, it has been stated that the current period of two years for hearing appeals to the Inland Revenue Commissioner General is too long and it is advisable to reduce it to six months.
After receiving the tax appeal to the Commissioner General, his order should be given within 6 months and if the taxpayer does not agree with the decision, he should appeal to the Tax Appeals Commission within one month.
Also, the Tax Appeals Commission must give its decision within six months.
The attention of the Sectoral Supervisory Committee on National Economic and Physical Planning has also been focused on amending the related Act in such a way that if there is any other legal problem, it can be appealed to the Court of Appeal.
In addition to this, the committee stated that the 15-year long period for tax appeal is expected to be reduced to 3 years by this new amendment, the Parliamentary Communications Department added.
(lknews.lk)
The parliamentary communication department said that this step was taken when the said committee met under the chairmanship of Mr. Mahindananda Aluthgamage.
Thus, it has been stated that the current period of two years for hearing appeals to the Inland Revenue Commissioner General is too long and it is advisable to reduce it to six months.
After receiving the tax appeal to the Commissioner General, his order should be given within 6 months and if the taxpayer does not agree with the decision, he should appeal to the Tax Appeals Commission within one month.
Also, the Tax Appeals Commission must give its decision within six months.
The attention of the Sectoral Supervisory Committee on National Economic and Physical Planning has also been focused on amending the related Act in such a way that if there is any other legal problem, it can be appealed to the Court of Appeal.
In addition to this, the committee stated that the 15-year long period for tax appeal is expected to be reduced to 3 years by this new amendment, the Parliamentary Communications Department added.
(lknews.lk)
