Proposed Inland Revenue Amendments Spark Controversy Over Criminalizing Tax Procedural Errors.
Sri Lanka’s proposed Inland Revenue (Amendment) Bill has ignited debate among legal experts and tax professionals over a provision that could turn minor administrative tax failures into criminal offenses, potentially bypassing traditional requirements for proof of fraudulent intent.
Cabinet Moves to Amend Finance Business Act and Consumer Protection Laws.
The Sri Lankan Cabinet has authorized the drafting of amendments to the Finance Business Act No. 42 of 2011 and the Consumer Affairs Authority Act No. 9 of 2003, while announcing key appointments in the commerce and customs sectors.
IRS Leverages Palantir Software in Long-Term Financial Crime Crackdown.
Records reveal that the IRS has paid over $130 million to Palantir since 2018 to utilize advanced data analytics for investigating financial crimes, raising concerns about surveillance and data consolidation.
Bribery Commission Arrests Former SLRC Officials in Misappropriation Case.
The Commission to Investigate Allegations of Bribery or Corruption has arrested the former Chairman and Director General of the Sri Lanka Rupavahini Corporation over allegations of causing a Rs. 14.32 million financial loss to the state.
















