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July 1, 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

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

    3 days ago3 days ago
  • Simplified Value Added Tax (SVAT) Scheme in Sri Lanka

    10 months ago9 months ago
  • Tax Invoice in Sri Lanka: A Comprehensive Guide

    10 months ago3 days ago
  • Certificate of Income Tax Deductions (T-10): An Overview

    10 months ago9 months ago
  • Understanding the 5% Advance Income Tax on Interest in Sri Lanka

    10 months ago10 months ago
  • What is Employment Income | How to calculate Assessable Income from Employment for the Y/A 2023/2024 & Y/A 2024/2025

    10 months ago10 months ago
  • Important Notice for VAT Registered Persons: Steps to Reclaim Credit Vouchers

    11 months ago10 months ago
  • Notice to Taxpayers: Beware of Fraudulent Activities

    11 months ago10 months ago
  • VAT & SVAT Registration requirements for Tea, Rubber, and Coconut Suppliers – SEC/2024/E/01 [04 Jan 2023]

    1 year ago10 months ago
  • Is it necessary for individuals who are not residents to obtain a Taxpayer Identification Number (TIN)?

    1 year ago10 months ago
  • VAT on Financial Services

    1 year ago10 months ago
  • How to get a TIN Certificate | | How to determine Residency

    1 year ago10 months ago
  • Is it mandatory to register with the Inland Revenue Department and obtain a Tax File Number (TIN)

    1 year ago10 months ago
  • Application Form for Temporary VAT Registration

    1 year ago10 months ago
  • Home
  • 2020
  • January
  • Page 2

January 2020

  • Tax Related News

Inactivation of SVAT Registration

Lanka Tax Club6 years ago6 years ago01 mins

VAT Registration of persons of whose taxable supply has never exceeded Rs.75 million for any taxable period ended prior to December 31, 2019, IRD has been inactivated VAT Registration with effect from January 01, 2020. In line with that SVAT registration of such persons will also be inactivated with effect from January 01, 2020. Therefore,…

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  • Tax Related News

No Withholding Tax (WHT) on certain Services

Lanka Tax Club6 years ago02 mins

As approved by the Cabinet of Ministers and instructed by the Ministry of Finance on December 31, 2019, pending formal amendment to the Inland Revenue Act No. 24 of 2017, WHT on service fee payable to any Resident Individual {whose payment made by any WHT Agent exceeding Rs. 50,000/- per month and deducted at 5%…

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  • Tax Related News

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

Lanka Tax Club6 years ago6 years ago01 mins

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….

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  • Tax Related News

IRD Notice on Removal of Economic Service Charge (ESC)

Lanka Tax Club6 years ago01 mins

As approved by the Cabinet of Ministers and instructed by the Ministry of Finance, ESC has been abolished with effect from January 01, 2020, pending parliamentary approval for amendment to the Economic Service Charge Act, No. 13 of 2006. Accordingly, any person or partnership for any quarter commencing on or after January 01, 2020 is…

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Recent Posts

  • 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
  • Understanding the 5% Advance Income Tax on Interest in Sri Lanka