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| Photograph Daily Mirror |
Sri Lankans protested against the gazetted new Inland Revenue Act bill on Monday, arguing the bill was drafted by the International Monetary Fund (IMF) in order to increase the tax paid by citizens.
Holding placards protesters from the Inland Revenue Trade Joint Front gathered outside the department's presmises, the Daily Mirror reported.
According to the investment advice service, Moody's, earlier this year IMF officials indicated the release of the third tranche would be contingent on the gazetting of the new Inland Revenue Act bill.
In a statement published last week, Moody's welcomed the new bill would contribute to improving government revenues as well as paving the way for the third tranche of the IMF loan.