Tax defaulters could face criminal charges

The Department of Inland Revenue has announced that outstanding taxes for the 2023/2024 assessment year must be paid by December 26.

Inland Revenue Commissioner General Sepalika Chandrasekara emphasised that no penalty waivers will be granted to individuals or companies failing to meet the deadline.

She further noted that the Department has already initiated field inspections and legal actions under the Inland Revenue Act to recover unpaid self-assessed taxes and outstanding dues. Legal measures against defaulters will commence in January 2025.

The Commissioner General also stated that funds will be directly recovered from the bank accounts of defaulters without prior notice. Additionally, criminal proceedings will be filed based on the amount of outstanding taxes.

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