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Message: <blockquote data-quote="NiyamaSinhalaya" data-source="post: 29850704" data-attributes="member: 113555">The government has issued Gazette Notice 2376/25 requiring all individuals and institutions to report movable and immovable property details to the Inland Revenue Department (IRD) starting July 1.  - Ownership details of registered land, property, and transfers must be reported to the Commissioner General of Inland Revenue (CGIR) in real-time via electronic platforms.  - Institutions involved include the Registrar General’s Department, Companies Registrar, Motor Traffic Commissioner, government contract agencies, financial institutions, and the Colombo Stock Exchange.  - Data collected will be integrated into the Revenue Administration Management Information System (RAMIS) risk module.  - Financial institutions must report quarterly data by the 20th day following each quarter's end.  - Non-compliant entities must start maintaining required information from July 1, 2024.<img src="https://pbs.twimg.com/media/GOlsJMtWkAAlGdZ?format=jpg&name=large" alt="" class="fr-fic fr-dii fr-draggable " style="" /></blockquote>

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