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

    1 year ago10 months ago
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  • VAT on Financial Services

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  • How to get a TIN Certificate | | How to determine Residency

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AIT / WHT

  • AIT / WHT

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

Lanka Tax Club10 months ago10 months 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

  • 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