As per the provisions of the Inland Revenue (Amendment) Act, the Tax Amendments will come into effect from January 1. The tax amendments related to the Inland Revenue (Amendment) Act, which Speaker Mahinda Yapa Abeywardena endorsed the certificate on Monday, will come into effect from January 1,
2023 as per the provisions of the Act.
With the Speaker’s endorsement, this Bill was incorporated into the legal system of the country as the Inland Revenue (Amendment) Act No. 45 of 2022. Following the debate on the second reading of the Bill held recently (9) a division was called by the Opposition. Accordingly, 83 votes were cast in favour of the Bill and 41 votes were cast against. A division was called for the Third Reading of the Inland Revenue (Amendment) Bill by the Opposition to which 79 votes were cast in favour of the Bill and 36 votes were cast against.
Wednesday, December 21, 2022 – 01:07