40% of black money in the local economy without falling into the tax system
The Inland Revenue Department says that about 40 percent of black money not caught in the tax system is circulating in the country’s economic environment.
Its Deputy Commissioner MJ Gunasiri said that the money hidden by the businessmen would be used to get into the national economy.
Deputy Commissioner of the Inland Revenue Department MJ Gunasiri said that action has been taken against tax evaders.
There is a lot of talk in the society about the tax concessions mentioned in the 2021 budget and the steps taken to prevent tax evasion.