New measures to improve ease of doing business

Monday, 18 February 2019 02:27 - - {{hitsCtrl.values.hits}}

Harsha de Silva aims for a bigger jump in the Ease of Doing Business Rankings this year
Inland revenue to make TIN available at ROC level from this month
E-payment methods available by end of March
UDA Development Permit application process already online, number of related institutionsto be linked to the service
Colombo Land Registry online resulting in reduction in time taken for deed verification

By Chathuri Dissanayake

Encouraged by last year’s success in advancing in the Ease of Doing Business rankings, the Government is set on expediting the automation process aimed at improving systems in key institutions, to further improve the country’s ranking this year.

Economic Reforms and Public Distribution Non Cabinet Minister Dr. Harsha de Silva - Pic by Ruwan Walpola

Inland Revenue Deputy Commissioner A. A. Dayarathna

“We have been able to jump 11 places last year, to reach 100 out of 199 places in 2018. I wish it was more, but this is still a huge improvement, this year we expect it to be even a bigger jump,” Non-Cabinet Minister of Economic Reforms and Public Distribution Dr. Harsha de Silva told journalists.

“We have 8 working groups working on the various process improvements. We really pushed hard last year, and are doing so this year. I expect an even bigger jump this year.”

The Government is planning to carry out several ICT improvements in processes in customs, and linking the Registrar of Companies and Inland Revenue Departments to improve current systems and processes, Dr. de Silva said.

As one of the key measures, the Government aims to take several processes of the Inland Revenue Department online this year.

Taxpayers will be able to receive their TIN when they process the Registration of Company (ROC) from the end of February, while online payments will be available for Inland Revenue Department processes from the end of March, Inland Revenue Department Deputy Commissioner A. A. Dayaratna said.

The automation in the IR department will also help with the hassle businesses now face in tax calculations, filing, and getting refunds, Dr. de Silva pointed out, noting that the move will help improve the country’s Ease of Doing Business ranking.

Moves are also underway to improve, automate, and link the Urban Development Authority, Land Registry, and Colombo Municipal Council, to simplify the process of obtaining development permits required for construction and other development work in the country.

The building application process has completely gone online with e-payment facilities as well. However, consumers are not aware of the facilities available, UDA Deputy Director General Bandula Ranatunga said.

The Land Registry office in Colombo is already online, cutting down the verification time of a deed from 14 days tocompleting the process in real time. Several other Land Registry offices around the country are being digitalised this year, with aims to be linked later.

The Minister also aims to ensure that information is available online to create awareness on systems and processes. “There is a lot of confusion about how to go about things, so we are looking at making the information more accessible through online resources as well,” he said.