Monthly Archives: April 2019

How to file PAYE Annual Declaration for the Y/A 2018/2019

Department of Inland Revenue has published a quick guide for “How to file PAYE Annual Declaration for the Y/A 2018/2019” Download PAYE quick guide

Due date of submission of PAYE and WHT Returns extended

Department of Inland Revenue has extended due date of submission of PAYE Annual Declaration and WHT Return  for the Y/A 2018/19 up to May 15, 2019. IRD Notice

Highlights on WHT Return and Schedules

The Department of Inland Revenue has now published in their website, the Withholding Tax Return, Schedule Templates and Guidelines applicable for the year of assessment 2018/2019, in terms of section 84 and 85 of the Inland Revenue Act No. 24

New Commissioner General of Inland Revenue Department

The Cabinet of Ministers has approved the appointment of Mr. Nadun Guruge as the Commissioner General of Inland Revenue Department. Mr. Nadun Guruge had previously served as the Deputy Commissioner General of Inland Revenue Department and was later appointed the

Gazette to be released on Budget 2019

Following gazettes to be released on Budget 2019. DATE  GAZETTE NO. DESCRIPTION DOWNLOAD 09-04-2019 2118/24 Luxury Tax on Motor vehicles  Click here to download 04-04-2019 2117/48 Gazette Notification Issued under Excise (Special Provisions) Act to Release Vehicles Laying in Hambantota

Withholding Tax Return and Guidelines – Year of Assessment 2018/2019

The Department of Inland Revenue has now published in their website, the Withholding Tax Returnand Guidelines applicable for the year of assessment 2018/2019, in terms of the provisions in the Inland Revenue Act No. 24 of 2017 and the Circular

Updated Schedule Verification Tool

WHT Annual Statement – Year of Assessment 2018/2019 is due on April 30, 2019 which is required to submit together with applicable WHT schedules. IRD has published “Updated Schedule File Verifier Tool” in order to verify the WHT schedules applicable

WHT Schedules applicable with effective from 01 April 2018

IRD has published WHT schedules applicable w.e.f. 01-04-2018 (Y/A 2018/2019) Schedule 1 – Withholding Tax Deduction from Interest / Discount Schedule 2A – Withholding Tax on Payments to Resident under Section 84 & 85 Schedule 2B – Withholding Tax on