Tax concessionary actions for the post COVID – 19 economic uplifting programme

The government has taken tax concessionary actions for the post COVID – 19 economic uplifting programme. Download Cabinet Decisions – 2020.06.24    

Suspension of the Notice of Recovery of Tax out of Debts

Department of Inland Revenue has published notice by informing to all Commercial Banks under Section 180 of the Inland Revenue Act No.10 of 2006 and Section 44 of the Value Added Tax Act No.14 of 2002 to recover the taxes in

New Application Forms

Application Form - Tax

Department of Inland Revenue has published following application forms. Application Form for Confirmation of VAT Liability Application Form for Tax Clearance on Other Purpose

Revised Circular to Banks and Financial Institutions on Deduction of Withholding Tax and Advance Income Tax

Department of Inland Revenue has published Revised Circular to Banks and Financial Institutions on Deduction of Withholding Tax and Advance Income Tax – Circular No. SEC/2020/03 [08 June 2020] Download IRD Circular No. SEC/2020/03 (Revised) | Dated: 08 June 2020

No penalties for the late payments made up to 30 June 2020

Department of Government Information has published Press Briefing on Cabinet Decisions on 04 June 2020 by exempting penalties of all income tax unpaid due to the COVID-19 pandemic. Accordingly, late payment charges will not be imposed for the payments made

IRD Notice on Taxpayer Registrations and Updates

Department of Inland Revenue has published a notice Taxpayer Registrations and Updates on 01.06.2020 No.: PN/TPS/2020-1. Maintaining of completed and updated taxpayer profile is helpful in complying with tax related matters and regulations without undue hassle. Moreover, obtaining the relevant services through

VAT Deactivation list as at 21.05.2020

Department of Inland Revenue has published an updated list of VAT Registration inactivated persons as at 21.05.2020. Download List: PDF | Excel

Submission of Transfer Pricing Disclosure Form (TPDF) has been allowed up to 30 June 2020

In addition to the notice issued under PN/Tax Return/2020-01 on 21.04.2020 allowing extension for submission of Transfer Pricing Disclosure Form (TPDF) has been allowed up to 30th June, 2020. Taxpayers who have submitted the Tax Return through e-service could upload the TPDF

IRD Circular to Withholding Agents (WHA) on Deduction of Withholding Tax and Advance Income Tax

Department of Inland Revenue has published a Circular to Withholding Agents (WHA) on Deduction of Withholding Tax and Advance Income Tax. Download IRD Circular No. SEC/2020/04 | Dated: 19 May 2020

Further Extension of Tax Return Submission Dates

Department of Inland Revenue has published a notice in addition to the notice issued under PN/Tax Returns/2020-01 on 21.04.2020 allowing extension for submission of returns and taking in to account the prevailing situation in the country, the date of submission

Inbound Tour Operators exempt from VAT with effect from 1 April 2020

Department of Inland Revenue has published a notice as per the approval granted by the Cabinet of Ministers and instructed by the Ministry of Finance on April 24, 2020, the supply of services in respect of inbound tours by a

Further Instructions on Alternative Tax Payment System (ATPS) through Online Fund Transfer Facility

Department of Inland Revenue has published notice by providing further instructions in addition to the notice published on 08.04.2020 (No. PN/PMT/2020-1) on Alternative Tax Payment System (ATPS) through Online Fund Transfer Facility, by considering some practical issues encountered by the taxpayers. Download