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Amended draft of the Inland Revenue Bill to be presented in Parliament


The amended draft of the Inland Revenue Bill will be presented in Parliament on August 25, Finance and Mass Media Minister Mangala Samaraweera said today.

The Attorney General insisted that Section 67(1), (2), (6) and (7) of the Bill to be deleted and to introduce new sections during the committee stage in Parliament on July 22.

The amended bill will ensure simplicity, transparency, easy administration and prevent unnecessary clogging of tax appeals.

A new system of an administrative review will also be introduced by this bill.