here to sort out tax issue
By Asif Fuard
An Indian team involved in organising the 'Temptation
2004' show featuring Shahrukh Khan is due in Sri Lanka next week
to resolve a tax issue after the Department of Inland Revenue directed
commercial banks not to remit any proceeds of the show.
Sunday Times learns that the team from Showdiff Worldwide is expected
to resolve the tax issue, enabling it to remit the funds to the
relevant parties. According to the Inland Revenue procedure, a foreign
artiste performing in Sri Lanka is liable to tax depending on the
income gained. The tax could vary going up to about 30 percent of
the income, as reported in The Sunday Times last week.
Sunday Times learns that there was no local organiser liable to
pay tax and in this event the Inland Revenue Department was empowered
to issue a ruling that the funds could not be remitted without the
payment of the tax despite the fact that it was not a charitable
Police have still not arrested anyone over the grenade attack which
killed two people. SSP Sarath Lugoda said information given by several
witnesses did not tally.