COLOMBO (NewsRadio); A petition has been filed before the Supreme Court challenging the Inland Revenue (Amendment) Draft Bill presented in Parliament.
A resident of Homagama who is employed as a General Manager of an apparel factory has filed the petition at the Supreme Court.
The Attorney General has been named as a respondent in the petition.
The petitioner has pointed out that several clauses of the proposed bill are inconsistent with the Constitution.
He claims that he is a tax payer and the proposed tax increases through the bill will further cause burden on the people who are facing economic hardships at present.
The petitioner said the taxable income has been reduced from Rs.250,000 to Rs.100,000 which will discourage those involved in local industries, exporters and as well as development activities.
The petitioner has stated that the clauses 15, 16, 22, 29, 36 and 39 the Inland Revenue (Amendment) Draft Bill are inconsistent with the Constitution.
Therefore, the petitioner request the court to issue an order that the Inland Revenue (Amendment) Draft Bill can only become a law if it is approved in Parliament by a two thirds majority and after a public referendum.
The Inland Revenue (Amendment) Draft Bill was gazetted on the 12th of October.
The gazette was issued by the Minister of Finance, Economic Stabilization and National Policies to amend the Inland Revenue Act, No.24 of 2017.