2023-12-12
News Categories : Committee News
The Committee on Ways and Means of the Parliament directed the officials of Excise Department to suspend the liquor production license of the liquor manufacturing company that has not paid the due tax installment on 04.12.2023 according to the installment plan to pay the arrears of excise duty.
Furthermore, the committee asked why the relevant report was not provided by the Inland Revenue Department (IRD) as per the order made by the committee on 24.07.2023 to provide a list of tax payers whose taxes are 100 million rupees or more in arrears as of June 30, 2023. The related report was requested from the IRD in two sessions of the committee meetings, but so far it has not been received, the committee chair said. The IRD officials stated that they have sought the opinion of the Attorney General in that regard and the committee ordered the officials to provide the list to the committee before December 31 2023.
The Committee expressed its displeasure regarding not providing reports related to some of the recommendations given in relation to the Inland Revenue Department, asking for time, and not implementing the recommendations.
This was discussed when the Committee on Ways and Means met recently (06) under the chairmanship of Hon. Patali Champika Ranawaka.
The government had banned the import of wheat flour for companies other than Prima and Serendib, the main wheat importing companies, and during the ban, these two companies had accumulated large stocks of flour, and the committee emphasized that these companies have made a considerable profit by imposing a tax of Rs. 16/- per kg on wheat flour after the ban was lifted.
Furthermore, it was also discussed that by increasing the special commodity tax for sugar from 25 cents to 50 rupees, the relevant companies have earned a considerable amount of unfair profit by releasing nearly 8500 tons of sugar that had been imported and stored in the market. Therefore, in accordance with the provisions of the Inland Revenue Act No. 24 of 2017, the committee again directed to take immediate steps to collect the prescribed tax related to the improper profit thus earned from the relevant parties in the above 3 cases.
In order to recover the arrears of the taxpayers who are evading taxes, the committee advised to prepare a tax collection plan to recover the amount of 173 billion rupees in collectable taxes. The Chairman of the Committee recommended that the Ministry of Finance and the Inland Revenue Department should prepare this together and implement it before December 31.
Among the 39 recommendations made to the Excise Department, the committee questioned why the recommendation of the committee to increase the license renewal fee to a minimum of 10 million rupees has not been implemented so far. Also, the committee questioned the fact that although the committee had ordered to provide the committee with a list of individuals and companies in possession of more than one liquor license in one district, that order had not been implemented. The officials of the Excise Department stated that according to the data system of the Excise Department, it shows that there are no individuals and companies in possession of more than one liquor license in a district, and the Committee directed the Excise Department to inform the Committee in writing.
Furthermore, the Excise Department stated that there are currently 46 toddy production plants and a mobile app has been introduced as per the order made by the committee to prepare a system to monitor the 46 production plants on a daily basis and to calculate their daily production. The committee chair instructed the officers to present the mobile app to the committee.
Emphasizing the need to add artificial intelligence (AI) to scanners in the customs technical system, the chairman of the committee advised the officials to prepare a proposal for this under a public private joint project model under the guidance of IT consultants with the Ministry of Finance.
A follow-up on Disaster Management, Welfare Benefit Scheme and Social Services Department's survey involving urban beggars was also discussed in the Committee on Ways and Means.
Officials from the Ministry of Finance, Ministry of Defense, Inland Revenue Department, Excise Department, Sri Lanka Customs, Welfare Benefits Board were summoned for this committee. Members of Parliament Hon. Ashok Abeysinghe, Hon. Sanjeeva Edirimanna, Hon. Ishaq Rahman and Hon. Sudath Manjula were also present.
2026-02-16
The Microfinance and Credit Regulatory Authority Bill was considered and approved by the Committee on Public Finance.This took place at a meeting of the Committee held in Parliament on 10.02.2026 under the Chairmanship of Hon. Member of Parliament Dr. Harsha de Silva, with the participation of Hon. Deputy Ministers Chathuranga Abeysinghe, (Dr.) Kaushalya Ariyaratne, and Nishantha Jayaweera, as well as Hon. Members of Parliament Attorney-at-Law Rauff Hakeem and Nimal Palihena.The Bill has been drafted with the objectives of establishing the Sri Lanka Microfinance and Credit Regulatory Authority, regulating the money lending business and microfinance business, protecting customers engaged in such businesses, repealing the Microfinance Act, No. 6 of 2016 and providing for matters connected therewith or incidental thereto.The Chair of the Committee stated that the original draft of this Bill, which had been presented in 2024, was challenged before the Supreme Court, and that the constitutional inconsistencies identified by the Court appear to have been addressed in this new draft. The Committee expressed its appreciation for the Bill, which had been prepared after obtaining the views of all stakeholders.Officials stated that the Authority to be established under this Bill will issue licenses to and regulate persons engaged in money lending and microfinance businesses, and that the Authority will be governed by a Board of Directors. It was further noted that no person may conduct a money lending business without a license issued by the Authority.The Committee inquired whether online lending activities would also fall under the purview of the Authority. Officials clarified that online lending may also be carried out only by licensed entities. They further emphasized that customer protection is a primary objective of the Bill.Discussions were also held regarding whether the Bill adequately covers the social empowerment role of community-based financial institutions, including through the introduction of relaxed regulatory fees or simplified compliance requirements. Practical operational issues and consumer protection were also identified as areas requiring further attention.Officials noted that certain lenders, such as e-commerce operators, would not fall within the scope of this Act.Taking into account the prevailing public mistrust and uncertainty surrounding legislative reforms, the Committee recommended that the Ministry of Finance, Planning and Economic Development implement effective communication programs to raise awareness among the public and all stakeholders. As an initial step, the Committee suggested publishing a document containing Frequently Asked Questions (FAQs).As the Authority will be vested with statutory powers to determine maximum interest rates in both the lending and deposit sectors, the Committee advised officials to exercise such powers in a manner that preserves the nature of the various financial instruments used by microfinance institutions for savings and lending activities.The delegation of powers to Divisional Secretariat offices was also discussed at length. Officials stated that small-scale lenders would not be required to travel to Colombo to engage with the Authority, and that limited powers relating to connected functions (such as processing applications and other routine matters) would be delegated to the Divisional Secretariat level. The Committee emphasized the need for a robust information technology system to ensure the effective and efficient implementation of this process.Furthermore, at the same meeting, the Committee also considered and approved the Resolution published in Extraordinary Gazette No. 2464/15 under the Customs Ordinance (Chapter 235), as well as three Orders issued under the Special Commodity Levy Act.
2026-02-13
Select Committee of Parliament to look into and Report to Parliament on the release of 323 Containers from the Port of Colombo without undergoing mandatory physical inspection and submit its proposals and recommendations in that regard, met for the third consecutive day on 11.02.2026 in Parliament. The meeting was chaired by the Hon. Minister of Justice and National Integration, Attorney-at-Law Harshana Nanayakkara.A group of officials from Sri Lanka Customs, including Director General of Customs Mr. Seewali Arukgoda, were summoned before the Committee, and evidence relating to the incident was recorded.Prior to the commencement of evidence, the Chair informed the Committee that the Hon. Minister of Ports and Civil Aviation, Mr. Anura Karunatilaka, had tendered his resignation from the membership of the Committee, and that another member would be appointed in due course to fill the vacancy.The meeting was attended by Committee members: Hon. Deputy Minister of Industry and Entrepreneurship Development Chathuranga Abeysinghe, Hon. Deputy Minister of Public Security and Parliamentary Affairs, Attorney-at-Law Sunil Watagala, Hon. Deputy Minister of Energy Arkam Ilyas and Hon. Members of Parliament Attorney-at-Law Dayasiri Jayasekara, Ajith P. Perera, D. V. Chanaka, Mujibur Rahuman, Dr. Najith Indika and Attorney-at-Law Lakmali Hemachandra.
2026-02-13
Officials from the Ministry of Digital Economy stated that there are plans to provide every person in the country with High-Speed Broadband connectivity by the year 2029.These remarks were made during a meeting of the Sectoral Oversight Committee on Science, Technology and Digital Transformation, held in Parliament on 06.02.2026 under the chairmanship of Member of Parliament (Dr). Janaka Senarathne, to discuss the action plan related to the allocation of 2026 budget provisions for the Ministry of Digital Economy and the Ministry of Science and Technology.At this meeting, (Dr.) Hans Wijayasuriya, Senior Advisor to the President, made a detailed presentation before the Committee regarding the programme planned to provide High-Speed Broadband connectivity to every person in the country. He pointed out that steps are being taken this year to install 100 new telecommunication towers. He further stated that between 600 to 1000 telecommunication towers would be required to fully meet the national requirement, and that this would be carried out in stages.He also emphasized that although approximately 98% internet coverage currently exists in the country, it does not meet the requirements for High-Speed Broadband coverage. Therefore, he stated that the existing capacity must be increased by around 25% in order to provide High-Speed Broadband facilities to every child.Furthermore, he noted that a commercial model will be prepared in relation to telecommunication towers, and opportunities will be given to the private sector to submit bids for this purpose.The Committee also focused attention on the need to improve digital literacy in areas outside Colombo, and it was proposed that programmes be organized through District Secretariat offices for this purpose.In addition, discussions were held regarding the action plan for allocating 2026 budget provisions for the Ministry of Science and Technology, and several annual reports and performance reports of institutions were approved.The meeting was attended by Hon. Deputy Minister Chathuranga Abeysinghe, and Members of Parliament Chandima Hettiarachchi, Lasith Bhashana Gamage, Chathura Galappaththi, Aboobucker Athambawa and Ruwan Wijeweera.
2026-02-13
The Committee on High Posts of parliament has approved the nominations of four Heads of Mission. The approval was granted when the Committee met in Parliament recently (Feb. 06) under the chairmanship of Prime Minister Dr. Harini Amarasuriya.Accordingly, the Committee approved the nominations of Mr. Horana Mahawatte Gedara Saman Kumar Chandrasiri as the Ambassador of Sri Lanka to the State of Israel, Mr. Warnakulasuriya Peter Rohan Dhammika Fernando as the High Commissioner of Sri Lanka to the Republic of Kenya, Anura Withanage as the Ambassador of Sri Lanka to the Lebanese Republic, and Mohamed Farook Mohamed Fawzer as the Representative of Sri Lanka to the State of Palestine.
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