Tax relief for charities with amendments to Act

by jagath
September 27, 2023 7:48 am 0 comment 207 views

The Government has decided to amend the Inland Revenue Act No. 24 of 2017.

The Cabinet of Ministers has approved the resolution by acting Finance, Economic Stabilization and National Policies Minister to direct the Legal Draftsman to draft a Bill to amend the Inland Revenue Act including legal provisions for the purpose.

It has been proposed that it is appropriate to amend the Inland Revenue Act to enable to request tax relief by any charity establishment that provides health facilities to children with disabilities in society joined hands with Government health services or education system and that is established as a legitimate institution prioritising the well-being of the differently-abled children in society being established as a legitimate institution or registered under any law enforced for registering social services organisations.

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