Tax Clearance Certificates for Outward Remittances

Notice to the Commercial Banks & Authorized Dealers Engaged in Outward Remittances and the Persons who make Outward Remittances. Requirement of Tax Clearance Certificates for Outward Remittances Due to the prevailing situation of the country affected by the Covid-19 pandemic, the Inland

Online Tax Payments

Alternative Tax Payment System (ATPS) through Online Fund Transfer Facility. Taking in to account of the Covid -19 Endemic situation currently prevailing in the country, the Inland Revenue Department (IRD) has introduced an Alternative Tax Payment System (ATPS) for making tax payments

Tax Residency Certificate (TRC)

Taking in to account the prevailing situation in the country, the Department of Inland Revenue has published a notice by specifying a temporary arrangement to obtain Tax Residency Certificates (TRC). Download IRD Notice

Gazette on Foreign Exchange Regulations

EY has issued a Tax Alert which provides a snapshot of the policy changes to the Foreign Exchange Regulations by order published in Gazette Notification 2169/3 dated 02 April 2020. Download EY Tax Alert Download Gazette No. 2169/3

IRD Notice on VAT Registration and 22(7) Extension

Taking into account the prevailing situation in the country due to the outbreak of Covid-19 virus, the Inland Revenue Department has taken the following steps to extend the project duration for SVAT purposes and to issue VAT registration (temporary and

ESC Return can be submitted via e-Service

Department of Inland Revenue has opened the RAMIS to submit ESC Return online. Effective from 01 April 2019 (for Year of Assessment 19/20) – Due on April 20, 2020 Download the Quick Guide of the same.

Donations to COVID – 19 Healthcare and Social Security Fund exempted from taxes

Donations to COVID – 19 Healthcare and Social Security Fund that has been established to strengthen the mitigation activities aimed at controlling the spread of COVID-19 virus in the country and related social welfare programme have been exempted from taxes

Notice on Withholding Tax (WHT) Payments

In line with the directions issued by the Presidential Secretariat on March 23, 2020 to provide relief measures due to Covid 19 outbreak, the Department of Inland Revenue has published a paper notice on Withholding Tax (WHT) Payments for the Months of

Extension for Tax Clearance Certificates on Liquor Licenses

Department of Inland Revenue has published a paper notice by taking into account of the prevailing situation in the country, all Divisional Secretaries and Liquor License Holders are informed to treat that the validity period of all Temporary Tax Clearance

Extension for Stamp Duty Payment and Return

Compound Stamp Duty is required to make the payment and submit the return for the quarter ending March 31, 2020, on or before April 15, 2020. However, due to the prevailing situation of the country, such payment and submission of

Concessions on Value Added Tax (VAT) due to COVID-19

Inland Revenue Department has issued a paper notice on Value Added Tax by taking into account the prevailing situation in the country. VAT Payments for the months of February and March 2020 Making the VAT payment including VAT on Financial Services

How to submit VAT Return for the month of February 2020

VAT Return for the month of February 2020 (Monthly VAT Return) is due on March 31, 2020. Due to the prevailing situation of the country, VAT Returns for the above period can be submitted under the following two methods: Taxpayers