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Fourteen new sectors to be made taxable

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State Minister of Finance Dr. Ranjith Siyambalapitiya stated that 14 areas which had not been given any attention until now will come under sectors which would have to make tax payments.

He said that taxes are currently being levied from many sectors such as private schools, private tutoring classes, large-scale private medical service providers, engineering services, lawyer services, surveyor services, etc., which must be taxed.

The State Minister of Finance stated that there was never a time like this when such attention was paid to tax-paying sectors.

Accordingly, he said that the Inland Revenue Department is carrying out a strict investigation of the income of those registered in those sectors.

The State Minister said that the government revenue which had fallen to 8.3 percent against the Gross Domestic Product in a short period of time was brought to a value exceeding 11 percent and by doing so it was possible to maintain a surplus balance in the primary account.

The State Minister said that there is a need to further correct some cases such as some businesses undervaluing their income to evade taxes.

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