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Guideline for Deduction of PAYE Tax for the Period from 01.01.2020 to 31.03.2020

A new guideline has been prepared for the period from 01.01.2020 to 31.03.2020 and uploaded in the IRD web portal of the Department (Link) to provide instructions to the employers to deduct Withholding Tax under the PAYE Scheme, as instructed by the Ministry of Finance, (subject to formal amendment to the Inland Revenue Act, No. 24 of 2017, to be passed in Parliament).

Guideline issued on 14.03.2018 under the Inland Revenue Act, No. 24 of 2017 for the year of assessment 2018/2019, which is effective from April 01, 2018 is valid till December 31, 2019.

The new guideline could be downloaded via: www.ird.gov.lk / www.lankataxclub.lk

Download IRD Notice

 

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