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Income Tax : Piumi Hansamali & Thambugala to be indicted

The Inland Revenue Department has informed the Colombo Additional Magistrate’s Court that it intends to file indictments before the Colombo High Court against Sri Lankan model Piumi Hansamali and Aura Lanka Group Chairman Viranjith Thambugala over alleged tax evasion.

Senior State Counsel Dinesh Perera, appearing on behalf of the Commissioner General of Inland Revenue, told the court yesterday (July 31) that investigation reports have been submitted to the Attorney General, and that indictments are expected to be filed soon before the High Court.

According to the Mawbima newspaper, Piumi Hansamali is accused of failing to pay Rs. 194 million in personal income tax for the years 2022 and 2023, including Rs. 95 million in tax owed through business activity under the company named “Lolila”.

Chairman of Aura Lanka Group, Thambugala, is also accused of evading Rs. 194 million in income and additional taxes, including penalties and interest, during the same period.

The Inland Revenue Department alleges that both individuals committed willful tax evasion under Sections 186, 189, and 190 of the Inland Revenue Act No. 24 of 2017.

The department also submitted updated progress reports on the investigations to the court, noting that both suspects had deliberately deprived the State of taxes due. (Newswire)

The post Income Tax : Piumi Hansamali & Thambugala to be indicted appeared first on Newswire.

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