⚖️ IRD Seeks Court Order to Recover Rs. 1.03 Bn VAT Default from CMC

The Department of Inland Revenue (IRD) has initiated legal proceedings against the Colombo Municipal Council (CMC) over massive tax arrears. • Overall Figures: The Commissioner General of Inland Revenue is seeking the recovery of approximately Rs. 1,034 million (Rs. 1.03 Billion) in alleged unpaid Value Added Tax (VAT). • Legal Action: The case has been filed before the Colombo Magistrate’s Court requesting an official order to recover the funds owed to the Government. • Respondent: The Colombo Municipal Council has been officially named as the sole respondent in the case. _Status: Based on initial court filings._