Sri Lanka, May 27 -- A businessman from Udubaddawa, Pallewela, was fined Rs. 30,000 today by Colombo Additional Magistrate Oshada Migara Maharachchi after pleading guilty to charges of failing to remit VAT to the government, issuing invoices without business registration, and failing to use a TIN.

The magistrate imposed a fine of Rs. 10,000 for each of the three charges brought by the Commissioner General of Inland Revenue.

This decision followed the defendant's guilty plea and the settlement of Rs. 37 million in outstanding VAT arrears.

The Inland Revenue Department filed the case covering offenses committed between September 20, 2024, and September 08, 2025.

The specific charges included failing to register under the Value Added Tax...