Why buy now and pay later? - Ragtrader
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Perpetual Limited (via Public) / Investors: Why being responsible can be rewarding
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Monday July 5, 2021 9:35 am
Monday July 5, 2021 9:35 am
ECONOMYNEXT – Sri Lanka has allowed W M Mendis & Company Ltd, an alcohol maker linked to the Perpetual group of companies to re-start production and pay billions of rupee owed in taxes in installments, a media report said.
Sri Lanka’s The Sunday Times newspaper said tax authorities found W M Mendis owed 3.55 billion rupees in unpaid Value Added Tax and 2.63 billion rupees in Corporate taxes to the Department of Inland Revenue.
A further 1.1 billion was owned to the Excise Department.
The report said the firm had been allowed to resume operations provided it paid the taxes in installments.