For Companies: Computation of Income Tax Payable and Payments for the Year of Assessment 2019/2020

Department of Inland Revenue has published a Notice for by instructing companies to compute the income tax payable (subject to the provisions of the IRA) for the Year of Assessment 2019/2020. Download IRD Notice PN/IT/2020-06 (06.05.2020): English | Sinhala

Advance Personal Income Tax (APIT) Tables for the Y/A 2020/2021 [Updated]

Department of Inland Revenue has published Advance Personal Income Tax (APIT) Tables for the Y/A 2020/2021. Index: Index Table – 1: [Monthly Tax deductions from regular profits] How to apply Table 1 Table 1 Table – 2: [Rates for the deduction

IRD Notice on VAT Deferment and Temporary VAT registration.

Department of Inland Revenue has amended the public notice (No. PN/VAT/2020-03) issued on 26-03-2020 as follows: VAT Deferment Facility on Imports at the Customs/BOI Validity of the last issued extension letters with regard to Credit Vouchers (CV) due against the

Primary & Secondary Employment Declarations in order to get consent from employees

Department of Inland Revenue has published attached Primary & Secondary Employment Declarations in order to get consent from employees (Primary / Secondary). Primary Employment Declaration Secondary Employment Declaration – Resident Deduction of APIT is compulsory from non-resident employees, regardless of

Crop Insurance levy for the Quarter ended 31 March 2020

National Insurance Trust Fund (NITF) has published a notice on Crop Insurance levy for the Quarter ended 31 March 2020. Due to the current situation of the Country (COVID-19), NITF has requested to make payment online (fund transfer) and send the

Interim Estimate of Value Added Tax on Supply of Financial Services – 2nd Six Months 2019/2020

Department of Inland Revenue has published “Interim Estimate of Value Added Tax on Supply of Financial Services – 2nd Six Months 2019/2020” today and you can download the Return form and schedule using the below links. Interim Estimate of Value

Tax on Cumulative Income from Employment – January to March 2020 [Updated]

Notice to the Employers and Employees Deduction of Tax on Cumulative Income from Employment for the Period 01.01.2020 – 31.03.2020 As you are already informed by the Inland Revenue Department (IRD) by its notice under the reference No. PN/IT/2020 –

PAYE Return for the Y/A 2019/2020

Department of Inland Revenue has published Annual Statement of Employer (PAYE Return) for the Y/A 2019/2020. Download Annual Statement of Employer 2019/2020 Schedule 01 – For Remuneration Other than and Once- and –for – all payments Schedule 02- For Ones-

ESC Return Y/A 2019/2020

Department of Inland Revenue has published a sample ESC Return format for the Y/A 2019/2020. Download ESC Return Guide to Filling the Economic Service Charge (ESC) Return  

Stamp Duty Return

Department of Inland Revenue has published a sample format of Stamp Duty Return. Download Stamp Duty Return

Extension of Tax Return Submission Dates

PAYE, WHT, ESC, Stamp Duty, VAT on FS Interim Estimate & Transfer Pricing Disclosure Form Department of Inland Revenue has published a paper notice by extending the following due dates of Tax Returns submission.  Annual Declaration of Employer (PAYE Return) for

Advance Personal Income Tax (APIT)

As you are already informed by the Inland Revenue Department (IRD) by its notice under the reference No. PN/IT/2020 – 03 (Revised) dated 08.04.2020 published in line with the instructions issued by the Ministry of Finance, subject to formal amendments