Alternative Tax Payment System (ATPS) through Online Fund Transfer Facility.
Taking in to account of the Covid -19 Endemic situation currently prevailing in the country, the Inland Revenue Department (IRD) has introduced an Alternative Tax Payment System (ATPS) for making tax payments through Online Fund Transfer Facility, with the collaboration of specific banks, with effect from 08-04-2020.
Steps to follow in making online fund transfers in respect of tax payments
- Log-in to the Online Banking System of your bank (only if your bank is listed above) and select Fund Transfer option.
- Enter the account number “2026529” as the BENEFICIERY ACCOUNT. Please re-check the account number for accuracy.
- Enter “Commissioner General of Inland Revenue” or “CGIR” as BENEFICIARY NAME.
- Enter “Bank of Ceylon, Taprobane Branch” as the BENEFICIARY BANK.
- Enter your Payment Reference Code (PRC) as the combination of your TIN, Tax Type Code and Payment Period Code (If your bank allows to enter additional digits in the reference column, It is recommended to enter payment period code and payment category) without any space in the Reference Cage/Field in the interface of online fund transfer.
How to enter PRC:
Format: TIN (9 Digit) + Tax Type Code (2 Digit) + Payment Period Code (5 Digit)
Example: If your TIN is 123456789 and you are paying VAT for the month of March 2020, your payment reference should be;
– 1234567897020130.
List of Tax Type Code
- Corporate Income Tax: 02
- PAYE: 03
- Dividend Tax: 04
- Individual Income Tax: 05
- Distributable Profit: 08
- Partnership Tax: 09
- Remittance Tax: 13
- WHT on Interest on Deposits: 43
- WHT on Specified Fee & Others: 44
- Stamp Duty: 60
- Value Added Tax (VAT): 70
- Value Added Tax on Financial Services (VAT on FS): 75
- Economic Service Charge (ESC): 80
- Nation Building Tax (NBT): 90
Special points to be noted when making online fund transfers
- If Tax amount less than LKR 5 Mn – It is required to perform as FUND TRANSFER
- If Tax amount less than LKR 20 Mn – It is required to perform as multiple FUND TRANSFER
- If Tax amount more than LKR 20 Mn – It is required to perform by using Real-Time Gross Settlement (RTGS) method
In the case of the payment made through RTGS, it is required to inform the Department of Inland Revenue by email including the following information and RTGS acknowledgment.
– TIN, Name, Tax type, Payment period, Amount, Contact person name, Contact number.
You may use below E-mail addresses to share the above information:
– bulanawewa.bgpd@ird.gov.lk / somarathna.hgan@ird.gov.lk
