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IT is hereby notified under Section 97(1)(b) of the Inland Revenue Act, No. 10 of 2006, that the bilateral Agreement for affording relief from double taxation and prevention of fiscal evasion, entered into on 03.04.2014 between the Government of the Democratic Socialist Republic of Sri Lanka and the Government of the Republic of Singapore, has…
The Tax Appeals Commission (TAC) which has been inactive for some time has now been revived with the reappointment of Justice Hector Yapa as Chairman and Justice Sunil Rajapakse and Mr. S. Swarnajothi Former Auditor General as members by Hon. Prime Minister Mahinda Rajapakse as the Minister of Finance and Economic Affairs. The TAC was established…
Taking in to account the prevailing situation in the country, the Department of Inland Revenue has published attached notice as temporary arrangements to continue their services through e-Services/e-Mails/telephone. Download IRD Notice No: PN/TPS/2020-2 | Dated: 07 Oct 2020
The Department of Inland Revenue has now published in their website, the Withholding Tax Returnand Guidelines applicable for the year of assessment 2018/2019, in terms of the provisions in the Inland Revenue Act No. 24 of 2017 and the Circular No. SEC/2018/06 published on 18 April 2018. Withholding Tax Return Guidelines to Fill the Statement…
Taking into account the prevailing situation in the country due to the outbreak of Covid-19 virus, the Inland Revenue Department has taken the following steps to extend the project duration for SVAT purposes and to issue VAT registration (temporary and permanent). Extension of the project period in terms of section 22(7) of the Value Added…
IRD Notice on Taxpayer Registration, Income Tax Payments and Furnishing Return of Income for the Year of Assessment 2019/2020. In accordance with the amendments to the Inland Revenue Act, No. 24 of 2017 passed in Parliament on the May 4, 2021; Resident individuals whose employment income was subjected to PAYE prior to January 1, 2020…
New Regulations made under Economic Service Charges Act, No. 13 of 2006 Download – English Download – Sinhala Download – Tamil
As per the paper notice published by the Department of Inland Revenue, the following banks are providing online banking facility under OTPP at present: Bank of Ceylon People’s Bank Commercial Bank of Ceylon PLC Sampath Bank PLC National Saving Bank Nations Trust Bank National Development Bank Download IRD Notice: PN/PMT/2021-04 | Dated 08.06.2021
The gazette has been issued regulations on Transfer Pricing under Inland Revenue Act No. 24 of 2017 – Gazette No. 2104/4. Download English Gazette No. 2104/4 Download Sinhala Gazette No. 2104/4
Tax payments & Returns due dates and tax types & payment period codes for the month of December 2020 are as follows: DECEMBER 15TH Advance Personal Income Tax (APIT) for the month of November 2020 is due on December 15, 2020 – Individual who has already given the consent to the employer (company) to deduct Advance Personal Income Tax…
Betting and Gaming Levy (Amendment) Bill – The proposal made by the Minister of Finance to publish the draft (Amendment) Bill for the amendment of the Betting and Gaming Levy Act, No.40 of 1988 prepared by the Legal Draftsman in the Government Gazette for increasing the Annual Levy from Rs.200 million to Rs.400 million, for…
Notice to ETF Board, Provident Funds and Employers who have retained the Tax on Terminal Benefits to Retiring Employees; Any amount retained by the ETF Board, any Provident Fund or Employer, as income tax on terminal benefits due for the retiring employees for which such employees were required to produce a Direction from the IRD…
Submission of Nation Building Tax (NBT) Return has been allowed up to 25 October 2019 and the same would be considered as duly submitted. IRD Notice