License Fee for Toddy Tapping
Section 25, read together with Section 32 of the Excise Ordinance (Chapter 52), as amended with the license fees for toddy tapping with effect from April 16, 2018.
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Revised IRD Notice on Requirement of Tax Clearance Certificates for Outward Remittances
IRD has informed that the Notice issued on 08 April, 2020 under the reference No. PN/TC/2020-03 is still valid and all Commercial Banks & Authorized Dealers Engaged in Outward Remittances and the Persons who make Outward Remittances are kindly requested to adhere to the procedure sets out in said notice. Download IRD Notice No. PN/TC/2020-04 (Revised) | Dated: 03…
Updated SVAT Registered Persons (RIPs & RIPs)
Department of Inland Revenue has published updated SVAT Registered Persons (RIPs & RIPs) as at 20.02.2019. List of Registered Identified Suppliers (RISs) [20-02-2019] List of Registered Identified Purchasers (RIPs) [20-02-2019]
Embarkation Levy – Gazette No. 2116/62
With effective from 01 April 2019, Government has increased Embarkation Levy by USD 10 and new levy as follows; Person leaving Sri Lanka by aircraft – USD 60.00 Person leaving Sri Lanka by ship – USD 60.00 Download Embarkation Levy Gazette
Gazette Notifications on Foreign Exchange Act, No. 12 of 2017
Download – English Download – Sinhala The Government of Sri Lanka is permitted to issue International Sovereign Bonds in 2018 and to make any payments in relation to such issuance, for non-resident investors.
Due date of submission of PAYE and WHT Returns extended
Department of Inland Revenue has extended due date of submission of PAYE Annual Declaration and WHT Return for the Y/A 2018/19 up to May 15, 2019. IRD Notice
“Tax Clearance Certificate” is not required for certain remittances
Download Circular Department of Inland Revenue has published a Circular to Commercial Banks and specialized Banks – Remittances which are not required to obtain a “Tax Clearance Certificate” to proceed the payment through a Banks [Circular No. SEC/2018/03_29 March 2018]
Record Keeping Regulations No. 1 of 2017 under the Value Added Tax Act
REGULATIONS made by the Minister of Finance under section 75 read with section 64 of the Value Added Tax Act, No. 14 of 2002. These regulations operate effective for the requirement of the sections, and the Regulations published in the Gazette Extraordinary No. 1024/8 of April 21, 1998 are hereby rescinded. Download – English Download…
Proposed Revisions to Inland Revenue Act, No. 24 of 2017
An extract of a notice published in the Ministry of Finance website relating to Inland Revenue Act, No. 24 of 2017 is quoted below for your information. “Policy Decisions on the Amendment to Inland Revenue Act, No.24 of 2017” PUBLISHED ON 11TH OCTOBER 2018 The amendments to the Inland Revenue Act, No.24 of 2017, as proposed…
No more VAT on importation of Woven Fabrics
Value Added Tax shall be charged at zero rate (0% ) on the importation or supply of imported goods specified under H. S. Code and description published in the Gazette No. 2095/20. Download Gazette : English | Sinhala
Tax Payments & Returns due dates in the month of July 2021
Tax payments & Returns due dates and tax types & payment period codes for the month of July 2021 are as follows: JULY 15TH Advance Personal Income Tax (APIT) for the month of June 2021 is due on July 15, 2021. Individual who has already given the consent to the employer (company) to deduct Advance Personal Income Tax (APIT)…
Extension on VAT Deferment Facility and Temporary VAT registration till 31 December 2020
Department of Inland Revenue has extended VAT Deferment Facility on Imports at the Customs/BOI and Temporary VAT registration till 31 December 2020 based on the prevailing situation of the country. Download IRD Notice No.: PN/VAT/2020-13 | Dated: 06 Oct 2020 Previous Paper Notice No: PN/VAT/2020-11 | Dated: 30 July 2020
Guideline for Debt Repayment Levy (DRL) on Financial Services – Circular No. SEC/2019/03
Department of Inland Revenue has published circular to all Financial Institutions – Imposition of Debt Repayment Levy under the Finance Act No. 35 of 2018 [24 June 2019]. Download DRL Circular No. SEC/2019/03