π Summary
The Inland Revenue Department (IRD) has announced a tougher enforcement approach against individuals and entities that intentionally fail to meet their income tax obligations, warning that deliberate non-compliance could lead to criminal prosecution under newly introduced legal provisions. The move follows the enforcement of the Inland Revenue (Amendment) Act, No. 11 of 2026, which amended [β¦] The post Tax Defaulters Face Prosecution As IRD Tightens Enforcement Measures appeared first on Lankanews.lk .