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 Added Tax on Supply of Financial Services – 2nd Six Months of – 2019/2020 Schedules…
Department of Inland Revenue has published a sample format of Stamp Duty Return. Download Stamp Duty Return
Taking into account the prevailing situation in the country, IRD has revised the arrangements have been made to issue Tax Residency Certificates (TRC). Download IRD Notice No. PN/TC/2020-05 (Revised) | Dated: 03 November 2020
The Circular SEC 2022/E/05 (Rev) issued by the Inland Revenue Department (IRD) of Sri Lanka provides guidance on the quantification of values for non-cash benefits in calculating employment income for tax purposes. The circular defines non-cash benefits as any benefit provided by an employer to an employee, other than cash, that has a monetary value….
Department of Inland Revenue has published notice on Deduction of Withholding Tax from Service fees and Contract Payments with effect from 01 April 2018.
Department of Inland Revenue has published a Sample Format of Individual Income Tax Loss Adjustment Sheet – 2018/2019. Download – Sample Format of Individual Income Tax Loss Adjustment Sheet – 2018/2019
The National Customs Tariff is a Guide to compute all the taxes or levies payable on goods (commodities) imported. It is a publication of such taxes stipulated under various Acts and Enactments, consolidated in to one book for ease of reference, both by the Customs Officials as well as the general public. The following taxes…
According to the provisions of the Inland Revenue Act, No. 24 of 2017 (IRA), every person who is liable for Income Tax shall file a Return of Income not later than eight months after the end of each Year of Assessment. Therefore, last date to furnish the Return of Income for the year of assessment…
Taking into account the prevailing situation in the country, the temporary arrangements have been made to provide certain services through e-Services/e-Mails/telephone by the Inland Revenue Department. Refer to below the paper notice for more details. Download Paper Notice No: PN/TPS/2020-3 | Dated: 08.10.2020
Withholding Tax (WHT)/ Advance Income Tax (AIT) Return and Schedules w.e.f. 01 April 2020 (Y/A 2019/2020) Return Annual Statement of Withholding Tax / Advance Income Tax Guidelines Guidelines to Fill the Statement of Withholding Tax Schedules PDF – Schedules to Withholding Tax Return/ Advance Income Tax Excel – Schedule 1 – Withholding Tax/ Advance Income…
Tax Payments & Returns due dates in the month of September 2021 Tax payments & Returns due Tax Payments & Returns due dates in the month of September 2021 dates and tax types & payment period codes for the month of September 2021 are as follows: SEPTEMBER 15TH Advance Personal Income Tax (APIT) for the…
Central Bank has issued a circular on concessions granted to Tourism Industry. Circular No. 07 of 2019 (on 08.05.2019)
Circular No. SEC/2023/E/03, issued on May 9, 2023, provides guidance on the calculation of Income Tax payable for the year of Assessment starting from April 1, 2022. The circular, published by the Inland Revenue Department of Sri Lanka, aims to assist taxpayers in understanding the process and requirements for determining their income tax liability. It…
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 by updating the profile information via e-Service or by sending the requested information and documents…