Sri Lanka's Excise Department proposes a 50% tax settlement to reinstate a liquor company's license.

The Excise Department in Sri Lanka proposes a 50% tax settlement of Rs.5.8 billion owed by W.M. Mendis and Co., a local liquor giant, to restore its production license. The plan, aimed at regaining tax arrears and preserving jobs for 600 employees and 1,500 dependents, requires the company to present a repayment proposal. The license was suspended on December 4th due to unpaid taxes.

3 months ago
4 Articles