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November 5, 2025
  • New VAT Rules for Digital Services Supplied by Non-Residents in Sri Lanka – Effective from 1 October 2025
  • Understanding Employment Income and APIT for Resident Individuals in Sri Lanka – Year of Assessment 2024/2025
  • Simplified Value Added Tax (SVAT) Scheme in Sri Lanka
  • Tax Invoice in Sri Lanka: A Comprehensive Guide

Lanka Tax Club

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  • New VAT Rules for Digital Services Supplied by Non-Residents in Sri Lanka – Effective from 1 October 2025

    4 months ago4 months ago
  • Understanding Employment Income and APIT for Resident Individuals in Sri Lanka – Year of Assessment 2024/2025

    4 months ago4 months ago
  • Simplified Value Added Tax (SVAT) Scheme in Sri Lanka

    1 year ago1 year ago
  • Tax Invoice in Sri Lanka: A Comprehensive Guide

    1 year ago4 months ago
  • Certificate of Income Tax Deductions (T-10): An Overview

    1 year ago1 year ago
  • Understanding the 5% Advance Income Tax on Interest in Sri Lanka

    1 year ago1 year ago
  • What is Employment Income | How to calculate Assessable Income from Employment for the Y/A 2023/2024 & Y/A 2024/2025

    1 year ago1 year ago
  • Important Notice for VAT Registered Persons: Steps to Reclaim Credit Vouchers

    1 year ago1 year ago
  • Notice to Taxpayers: Beware of Fraudulent Activities

    1 year ago1 year ago
  • VAT & SVAT Registration requirements for Tea, Rubber, and Coconut Suppliers – SEC/2024/E/01 [04 Jan 2023]

    2 years ago1 year ago
  • Is it necessary for individuals who are not residents to obtain a Taxpayer Identification Number (TIN)?

    2 years ago1 year ago
  • VAT on Financial Services

    2 years ago1 year ago
  • How to get a TIN Certificate | | How to determine Residency

    2 years ago1 year ago
  • Is it mandatory to register with the Inland Revenue Department and obtain a Tax File Number (TIN)

    2 years ago1 year ago
  • Home
  • 2018
  • May

May 2018

  • Tax Related News

Taxes and other levies are not deductible

Lanka Tax Club7 years ago7 years ago31 mins

Following taxes or other levies are not deductible when calculating a person’s income under New Inland Revenue Act. Income Tax Economic Service Charge Value Added Tax on Financial Services Nation Building Tax on Financial Services Crop Insurance Levy Supper Gain Tax Bars and Taverns Levy Casino Industry Levy Mobile Telephone Operator Levy Satellite Location Levy…

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  • Tax Related News

Withholding Tax​ from Investment returns

Lanka Tax Club7 years ago7 years ago61 mins

Department of Inland Revenue has published notice on Deduction of Withholding Tax​ from Investment returns with effect from 01 April 2018.

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  • Tax Related News

Withholding Tax from Service fees and Contract Payments

Lanka Tax Club7 years ago41 mins

Department of Inland Revenue has published notice on Deduction of Withholding Tax from Service fees and Contract Payments with effect from 01 April 2018.

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  • Tax Related News

Draft manual for New Inland Revenue Act, No. 24 of 2017

Lanka Tax Club8 years ago01 mins

Department of Inland Revenue has published Draft manual for New Inland Revenue Act, No. 24 of 2017.

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Recent Posts

  • New VAT Rules for Digital Services Supplied by Non-Residents in Sri Lanka – Effective from 1 October 2025
  • Understanding Employment Income and APIT for Resident Individuals in Sri Lanka – Year of Assessment 2024/2025
  • Simplified Value Added Tax (SVAT) Scheme in Sri Lanka
  • Tax Invoice in Sri Lanka: A Comprehensive Guide
  • Certificate of Income Tax Deductions (T-10): An Overview