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December 4, 2025
  • New Standardized Tax Invoice Format Mandated for 2026: A Guide for Sri Lankan Businesses
  • Sutherland v Commissioner of Income Tax (CTC Volume I)
  • Bank & Finance Company TIN List for Interest Income & AIT/WHT Schedules
  • Budget 2026 – Key Revenue Proposals and What They Mean for You

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  • New Standardized Tax Invoice Format Mandated for 2026: A Guide for Sri Lankan Businesses

    15 hours ago15 hours ago
  • Sutherland v Commissioner of Income Tax (CTC Volume I)

    16 hours ago16 hours ago
  • TIN

    Bank & Finance Company TIN List for Interest Income & AIT/WHT Schedules

    2 weeks ago2 weeks ago
  • Budget 2026

    Budget 2026 – Key Revenue Proposals and What They Mean for You

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  • New VAT Rules for Digital Services Supplied by Non-Residents in Sri Lanka – Effective from 1 October 2025

    5 months ago5 months ago
  • Understanding Employment Income and APIT for Resident Individuals in Sri Lanka – Year of Assessment 2024/2025

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  • Simplified Value Added Tax (SVAT) Scheme in Sri Lanka

    1 year ago1 year ago
  • Tax Invoice in Sri Lanka: A Comprehensive Guide

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  • Certificate of Income Tax Deductions (T-10): An Overview

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

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

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

    2 years ago1 year ago
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AIT / WHT

  • AIT / WHT

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

Lanka Tax Club1 year ago1 year ago07 mins

In Sri Lanka, the taxation landscape has been evolving, and one of the significant changes that have garnered attention is the imposition of a 5% Advance Income Tax (AIT) on interest and discount on deposits. This article delves into the critical aspects of this tax, as outlined in the Inland Revenue Department’s Circulars SEC/2022/E/02 and…

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Recent Posts

  • New Standardized Tax Invoice Format Mandated for 2026: A Guide for Sri Lankan Businesses
  • Sutherland v Commissioner of Income Tax (CTC Volume I)
  • Bank & Finance Company TIN List for Interest Income & AIT/WHT Schedules
  • Budget 2026 – Key Revenue Proposals and What They Mean for You
  • New VAT Rules for Digital Services Supplied by Non-Residents in Sri Lanka – Effective from 1 October 2025