Extend deadlines, say taxpayers

Taxpayers have called for the extension of the deadlines for settling the Revenue Act turnover tax for the quarter ending March 31, 2009.

Council Member of National Chamber of Commerce of Sri Lanka (NCCSL) S. Balachandran said the Revenue Act turnover tax for the quarter ending March 31, 2009 is payable on or before April 15, 2009. However, from April 9-14, 2009 there are six holidays and entrepreneurs face difficulties in the computation of turnover tax to be paid in April due to lack of working days and staff absenteeism during the festival season.

"We consider it necessary to mention here that Value Added Tax, Economic Service Charge, Nations Building Tax and Turnover Tax are computed on the basis of turnover and first three payments are to be made to the Department of Inland Revenue on or before April 20, 2009. Therefore, granting a similar concession by the Provincial Council will reduce the difficulties faced by the taxpayers, he said.