Skip to content
April 2, 2026
  • Navigating the 2026 Tax Landscape: Quick-Reference Guide to the Inland Revenue Amendment Bill
  • New SSCL Amendments: Key Changes from Act No. 24 of 2025
  • New Year, New Levies: Casino Entrance Fee Doubled and Betting Taxes Hiked for 2026
  • UPDATE: Implementation of New Standardized Tax Invoice Format Postponed to April 2026

Lanka Tax Club

Latest Tax News and Updates

Newsletter
Random News
  • Home
  • Type of Taxes
    • Social Security Contribution Levy (SSCL)
    • Capital Gains Tax (CGT)
    • Value Added Tax (VAT)
    • Tourist VAT Refund Scheme (TVRS)
    • Pay As You Earn Tax (PAYE)
    • APIT Tables
    • Economic Service Charge (ESC)
    • Nation Building Tax (NBT)
    • Withholding Tax (WHT)
      • WHT Returns and Schedules
    • Telecommunications Levy
    • Debt Repayment Levy (DRL)
    • Crop Insurance Levy (CIL)
    • Carbon Tax (CT)
    • Mobile SMS Levy
    • Embarkation Levy
  • Tax Registration
  • Acts
    • Inland Revenue Act
    • Value Added Tax (VAT) Act
  • DTA
  • Budgets
  • Useful Info
    • How to make Tax Payments
    • Public Ruling
    • Schedule Verification Tool
    • Tax rates under Inland Revenue Act No. 10 of 2006
    • Sri Lankan Address
  • Tax Alerts
  • Case Laws
    • Crib Vs CIT
    • Sutherland v Commissioner of Income Tax (CTC Volume I)
  • Contact Us
Headlines
  • Navigating the 2026 Tax Landscape: Quick-Reference Guide to the Inland Revenue Amendment Bill

    2 weeks ago2 weeks ago
  • New SSCL Amendments: Key Changes from Act No. 24 of 2025

    2 months ago2 months ago
  • New Year, New Levies: Casino Entrance Fee Doubled and Betting Taxes Hiked for 2026

    3 months ago3 months ago
  • UPDATE: Implementation of New Standardized Tax Invoice Format Postponed to April 2026

    4 months ago4 months ago
  • Sutherland v Commissioner of Income Tax (CTC Volume I)

    4 months ago4 months ago
  • TIN

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

    4 months ago2 months ago
  • Budget 2026

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

    5 months ago5 months ago
  • Capital Gain Tax (CGT)

    Capital Gains Tax (CGT)

    6 months ago1 month ago
  • New VAT Rules for Digital Services Supplied by Non-Residents in Sri Lanka – Effective from 1 October 2025

    9 months ago9 months ago
  • Understanding Employment Income and APIT for Resident Individuals in Sri Lanka – Year of Assessment 2024/2025

    9 months ago9 months ago
  • Simplified Value Added Tax (SVAT) Scheme in Sri Lanka

    2 years ago2 years ago
  • Tax Invoice in Sri Lanka: A Comprehensive Guide

    2 years ago9 months ago
  • Certificate of Income Tax Deductions (T-10): An Overview

    2 years ago2 years ago
  • Understanding the 5% Advance Income Tax on Interest in Sri Lanka

    2 years ago2 years ago
  • Home
  • AIT / WHT

AIT / WHT

  • AIT / WHT

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

Lanka Tax Club2 years ago2 years 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…

Read More

Archives

Recent Posts

  • Navigating the 2026 Tax Landscape: Quick-Reference Guide to the Inland Revenue Amendment Bill
  • New SSCL Amendments: Key Changes from Act No. 24 of 2025
  • New Year, New Levies: Casino Entrance Fee Doubled and Betting Taxes Hiked for 2026
  • UPDATE: Implementation of New Standardized Tax Invoice Format Postponed to April 2026
  • Sutherland v Commissioner of Income Tax (CTC Volume I)