Monthly Archives: October 2018

Gazetted Canadapura Children’s Home as an approved Charity

‘‘Canadapura Children’s Home’’ is declared by the Minister by notice published in the Gazette to be an approved charity for the purposes of Section l (a) (ii) of Fifth Schedule of the Inland Revenue Act, No. 24 of 2017. Click here

Public ruling on taxpayers who have been granted the approval to change the accounting period – PR/IT/2018/01

Department of Inland Revenue has issued a new public ruling on taxpayers who have been granted the approval to change the accounting period under the Inland Revenue Act No. 10 of 2006. Download the Public Ruling – PR/IT/2018/01

Application Form for Profile Update (For Company)

Department of Inland Revenue has published a Application Form for Profile Update (For Company). Click here to download Application All taxpayers are required to update their profile with the relevant activity code in the IRD system. This can be done

Proposed Revisions to Inland Revenue Act, No. 24 of 2017

An extract of a notice published in the Ministry of Finance website relating to Inland Revenue Act, No. 24 of 2017 is quoted below for your information. “Policy Decisions on the Amendment to Inland Revenue Act, No.24 of 2017” PUBLISHED

Economic Service Charge (Amendment) Act, No. 33 of 2018

Economic Service Charge (Amendment) Bill was certified on 04th of October, 2018 and now available the new Economic Service Charge (Amendment) Act, No. 33 of 2018. Summary: Valuation basis of import of vehicles Prior to the Amendment Act, the import

Tax exemption on Dividend under BOI – Gazette No. 2089/1

New Gazette has been published for Tax exemption on Dividend under BOI by amending the paragraph (3) of the Transitional Provisions Gazette No. 2064/53. Download the Gazette for Tax exemption on Dividend under BOI – English | Sinhala