Thiloththma Jayasinghe , Editor V . E . K . Madhushani , Sub Editor
In a recent statement, the President reaffirmed that the full responsibility for collecting total tax revenue rests with the Inland Revenue Department (IRD). This declaration underscores the government’s commitment to strengthening the efficiency and transparency of tax collection, ensuring that all dues are properly accounted for and channeled toward national development.
The President emphasized that a well functioning tax system is the backbone of a stable economy, and the IRD plays a critical role in mobilizing resources to fund essential public services such as education, healthcare, and infrastructure. By reinforcing the department’s accountability, the government aims to curb tax evasion, enhance compliance, and maximize revenue collection for sustainable economic growth.
During the discussion, the President highlighted the importance of modernizing tax collection methods. The integration of digital platforms, automation of tax processes, and data driven decision making were presented as key strategies to improve efficiency and minimize loopholes. Ensuring that businesses and individuals adhere to tax regulations will be a top priority in the government's economic framework.
Additionally, the President called for increased public awareness regarding the importance of tax contributions. Strengthening taxpayer education and simplifying tax procedures will encourage voluntary compliance, reducing the need for enforcement actions. Fair and transparent tax policies will also play a vital role in fostering trust between the government and the public.
The meeting concluded with a directive for the IRD to enhance its enforcement mechanisms, conduct thorough audits, and implement measures to detect tax fraud effectively. The President assured that necessary legal frameworks would be strengthened to support the department in fulfilling its responsibilities without interference.
As the government intensifies its focus on revenue generation, all eyes are on the Inland Revenue Department to deliver on this crucial mandate. Ensuring an efficient and fair tax collection system will be instrumental in securing the financial stability and progress of the nation.
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