Form for Notice on filing of Country by Country Report (CbCR) of the MNE Group
Department of Inland Revenue has published Form for Notice on filing of Country by Country Report (CbCR) of the MNE Group. Download Form | Form No: TP/CbCR/01
Read More
Gazette notification under Paragraph (e)(iii) of the Third Schedule of the Inland Revenue Act, No. 24 of 2017
Gazette notification under Paragraph (e)(iii) of the Third Schedule of the Inland Revenue Act, No. 24 of 2017- official emoluments of any individual who is employed by the Asian Development Bank.
Tax Webinar on Individual Income Tax – YA 2022/2023
📌 Employment, Business, Investment Incomes, Qualifying Payments and Reliefs, Tax Credits 📌 Date & Time: 27 September 2023 (Tomorrow) at 8:00PM 📌 Investment: LKR 500/- 📌 Limited Zoom seats are available! 📌 Hurry Up! Register Soon! 📌 Registration Link: https://forms.gle/p3BCrwmizqpC3Mku7 Please make the payment LKR 500/= to Lanka Tax Club bank account mentioned below: Name:…
Income Tax Guide (Individuals)- Year of Assessment 2018/2019
Department of Inland Revenue has published Guide to Individuals Tax Return of Income – Year of Assessment 2018/2019. Download English Guide Download Sinhala Guide
Budget 2019 – Proposals on Income Tax
Income Tax (Amendments to the Inland Revenue Act, No.24 of 2017) Exemptions The Earnings by any non-resident person on any sovereign bond denominated in local or foreign currency will be exempted. Interest income earned by any resident person on sovereign bonds denominated in foreign currency, including Sri Lanka Development Bonds (SLDB) will be exempted. Interest…
Luxury Tax on Motor Vehicles
Ministry of Finance has issued a Government Notice on Luxury Tax on Motor Vehicles. Download Government Notice on Luxury Tax on Motor Vehicles
Online Tax Payment Platform (OTPP)
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…
Withholding Tax from Service fees and Contract Payments
Department of Inland Revenue has published notice on Deduction of Withholding Tax from Service fees and Contract Payments with effect from 01 April 2018.
Amendment of Tax Legislation – Policy Measures for Economic Revival
Followed by a proposal made by H.E the President, the approval of the Cabinet was granted at its meeting held on the 2019‑11‑27 for the introduction of a simple, transparent and efficient tax system to all the stakeholders in the economy including consumers, working population, entrepreneurs and tax paying community. Morefully, the Government has also…
Tax Payments & Returns – August 2020
Tax payments & Returns due dates and tax types & payment period codes for the month of August 2020 are as follows: Advance Personal Income Tax (APIT) for the month of July 2020 is due on August 14, 2020 (Since August 15 falls on a holiday) – Individual who has already given the consent to…
New Application Forms
Department of Inland Revenue has published following application forms. Application Form for Confirmation of VAT Liability Application Form for Tax Clearance on Other Purpose
IRD Notice to Betting and Gaming Operators
This is an IRD notice about changes to the Betting and Gaming Levy Act. It discusses registration requirements for betting and gaming operators, increases to the gross collection levy rate, and the removal of the Social Security Contribution Levy. Other important points include the introduction of a casino entrance levy and increases to the annual…
A person who filed a Tax Return electronically (via e-Service) for the Y/A 18/19 shall continue to file Tax Returns in that manner
The IRD has informed that the taxpayers who had e-Filed the Return of Income for the last Year of Assessment (2018/ 2019), should e-File their Returns of Income for this year. Further, Returns of Income of such taxpayers have neither been printed nor posted for manual submission. IRD highly promotes all other taxpayers as well…
New amendment to the Gazette No. 2151/52 on recent VAT changes
New gazette has been published by Ministery of Finance with explantory note to the gazette No. 2151/52. Download Gazette No. 2152/60