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rnrnFacing one of its highest debt servicing ratios ever, the government is banking on a series of lquote soft tax policies quote to encourage taxpayers.
rnrnAs an initial step, parliament last week passed a bill, the Inland Revenue Special Provisions Act, which will give immunity for tax dodgers from April 1, 2002 to March 31, 2003.
rnrnGunawardene urged the chambers to encourage its membership to make use of this golden opportunity.
rnrnMeanwhile, the Finance Minister has decided to reduce the 1 percent airport and port levy to 0.75 percent. The levy will come up for revision in the November budget.rn