The Inland Revenue Department (IRD) is to launch a system shortly that would allow all taxpayers and tax administrators to access the status of their applications.
IRD Commissioner-General H.M.W.C. Bandara made this announcement on March 31 at the launch of the Chartered Accountants of Sri Lanka Tax Journal (CA). The new system will allow both tax applicants and administrators to have a view of the status of a particular application. He said, “This will provide a 360° view facilitating access to the status of work to both taxpayers and tax administrators.” Bandara noted that there had been considerable achievements concerning the digitization of services by the IRD.
The institution has already established an online payment system with the participation of 4 state banks and 8 of the private banks established through the LankaClear system.
Bandara hailed the CA and the partnership between the CA and the IRD for improving tax administration in the country.
He said that in the 89-year history of the IRD there had been a considerable entrenchment of the partnership between them and CA. He said that the adversarial nature of the accounting profession standing on behalf of the taxpayer and the IRD standing on behalf of the government had resulted in a healthy tax system. Bandara hailed the launch of the tax journal and noted that it was a new avenue of the already valuable work that the CA does in terms of spreading information about the tax code to the broader public.
The CA also through its inquiries plays an important role in making sure there is a common understanding of the tax code. The tax journal has Dinusha Rajapakse and Prasad Dassanayake as editors with Athithan Aruthavarajah, S K Thamari Fernando, and J.M Fazeer as the Review Panel. The initial issue includes 7 submissions.
Add new comment