Department of Inland Revenue has published Specimen and Guide to filling the Income Tax Return – Y/A 2017/2018 Individuals Return of Income – [Asmt_IIT_001_E] Schedules to Return of Income – [Asmt_IIT_002_E] Statement of Assets and Liabilities – [IIT_4R_3(3)_E] Guide to filling the Return & Schedules – [IIT_IR14_E] Tax Calculator (For Taxpayer calculation purpose only) Partnerships Return of…
The National Customs Tariff is a Guide to compute all the taxes or levies payable on goods (commodities) imported. It is a publication of such taxes stipulated under various Acts and Enactments, consolidated in to one book for ease of reference, both by the Customs Officials as well as the general public. The following taxes…
Department of Inland Revenue has published new public ruling guidance with regard to the application of excluded items in paragraph (c) of Subsection (3) of section 5 of the Inland Revenue Act, No. 24 of 2017, in the event of calculating an Individual’s Income of Employment. Download Public Ruling PR/IT/2019/02
Ministry of Finance has issued a Gazette by amending the Finance (Teledrama, Film and Commercials Levy) Regulations, No. 1 of 2017, published in the Gazette Extraordinary No. 2044/21 of November 07, 2017. Download Gazette: 2168/9
MOST AWAITED OPTION NOW AVAILABLE IN RAMIS!!! Documents such as: Transfer Pricing Disclosure Form (TPDF) Audited Financial Statements Withholding Credit Schedule Etc. which were not able to submit together with online or manual filing on before November 30, 2019 can be submitted through RAMIS login under “Upload schedule Files / Documents” option.
Following taxes & levies going to be amended to the Finance Act, No. 25 of 2003, the Finance Act, No. 5 of 2005, the Finance Act, No. 12 of 2012, the Finance Act, No. 16 of 1995 and the Finance Act, No. 10 of 2015; Luxury Tax on Motor Vehicles Vehicle Entitlement Levy Annual Company…
Department of Inland Revenue has published a Application Form for Profile Update (For Company). Click here to download Application All taxpayers are required to update their profile with the relevant activity code in the IRD system. This can be done by updating the profile information via e-Service or by sending the requested information and documents…
The Certificate of Income Tax Deductions, commonly referred to as the T-10, is an essential document prescribed under Section 87 of the Inland Revenue Act in Sri Lanka. This certificate plays a vital role for both employers and employees in the process of Advance Personal Income Tax (APIT) compliance. Purpose of the T-10 Certificate The…
Department of Inland Revenue has published the list of Economic Activity Codes proposed for the purpose of Profile Update of Taxpayer’s, Principal Activity of Business. Click here to Download PDF version Click here to Download EXCEL version
Inland Revenue Department (IRD) has introduced an Online Tax Payment Platform (OTPP) with effect from 08.02.2020, in addition to the existing tax payment methods to make tax payment with the collaboration of below mentioned banks. In addition to the banks initially interfaced with IRD for this purpose, People’s Bank also provide OTPP facility and in…
Value Added Tax Act, No. 14 of 2002 is amended by the Amendment Act, No. 25 of 2018 as certified by the Hon. Speaker on 16th August 2018. The changes are effective from August 16, 2018 (unless a specific date is mentioned in the relevant provision). New VAT Amendment Act No. 25 of 2018 – Download:…
Department of Inland Revenue has published estimate Income Tax Return and Guidelines for the Y/A 2019/2020. Statement of Estimated Income Tax Payable Instructions for the Submission of Statement of Estimated Income Tax Payable
Income tax on terminal benefits due for the retiring employees for which such employees were required to produce a Direction from the IRD within 90 days from the date of such retention of tax is further extended to 31 January 2021. Download IRD Notice: PN/APIT/2020-05 | Dated: 30.12.2020