Sri Lanka, Oct. 22 -- The Department of Inland Revenue and the Department of Excise have entered into a new agreement to strengthen the fight against tax evasion and money laundering, as Sri Lanka seeks to improve revenue collection and achieve its revenue targets.Book Beach Resorts

A Memorandum of Understanding (MoU) between the two departments was signed at the Ministry of Finance yesterday (21), establishing a mechanism for intelligence sharing and conducting parallel investigations into suspected offences.

The agreement was signed by Commissioner General of Inland Revenue Rukdevi Fernando and Commissioner General of Excise M. B. N. A. Pemaratne in the presence of Deputy Secretary to the Treasury A. N. Hapugala. The initiative comes ...