Home » Country’s losing 50% of Excise Department taxes – Wasantha Samarasinghe reveals

Country’s losing 50% of Excise Department taxes – Wasantha Samarasinghe reveals

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The country is losing more than 50% of the taxes due to the country through the Excise Department, and a group of its officials are engaged in illegal money transactions through it, reveals Wasantha Samarasinghe, the convener of Voice Against Corruption (VAC) organization,
Recently, the Excise Department worked to introduce a printed sticker from India for the bottles issued by the distilleries, and now the stickers have stopped being received in this country. Due to not getting enough stickers for the bottles issued by the distilleries, it is impossible to determine the number of bottles produced by the respective distilleries, and the taxes to be collected have been lost in a big way, he said.
He also reveals that digital printing for mass packaging has not been released.
He points out that from the stocks of stickers that the Excise Department currently has, less than the required amount of stickers are given to the distilleries, and the Excise Station Officers charge Rs. Fifty per sticker and points out that the distilleries release more products to the market than the number of stickers given.
Currently, one million stickers have been ordered. Since the imports have been made through the open market outside of the proper methods to be followed in importing them, it has become impossible to bring the stock of stickers into the country. He also reveals that the Excise Commissioner is engaged in an operation to get down at least a part of it.
Wasantha Samarasinghe suggests that to reduce the amount of tax money lost to the country, at least a tax should be levied on the existing production capacity or a sticker printed by Sri Lankan printing presses should be given. The sticker system will not be able to prevent fraud or tax loss to the country; he pointed out.

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The post Country’s losing 50% of Excise Department taxes – Wasantha Samarasinghe reveals appeared first on LankaTruth.

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