Circular on Paying of Value Added Tax (VAT) to the Suppliers
Departments of Inland Revenue has published a circular on paying of Value Added Tax (VAT) to the suppliers. Download
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Withholding Tax from Investment returns
Department of Inland Revenue has published notice on Deduction of Withholding Tax from Investment returns with effect from 01 April 2018.
Gazette on Stamp Duty – License on sale of liquor
Minister of Finance and Mass Media has been published a new gazette notification on Stamp Duty – License on sale of liquor. Effective Date: 01.01.2019 Base: License on sale of liquor Download Gazette [English | Sinhala]
Updated list of SVAT RISs and RISs as at 08th July 2019
Department of Inland Revenue has published the updated list of SVAT Registered Identified Suppliers (RISs) and Registered Identified Purchasers (RISs) as at 08th July 2019. List of Registered Identified Suppliers (RISs) [08-07-2019] List of Registered Identified Purchasers (RIPs) [08-07-2019]
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.
‘Relief package’ to strengthen tourism industry affected by Easter attacks
Decisions Taken by Cabinet of Ministers on its meeting held on 07.05.2019 The Cabinet of Ministers approved the proposal presented by Hon. Eran Wickramarathne, Acting Minister of Finance, to provide a concessionary period for loans taken by those engaged in the tourism industry, provide them Capital Loan facilities under ‘Enterprise Sri Lanka’ program, reduction of…
Tax Webinar – Are you worried about Tax Questions in Interviews?
ALL TAXES IN SHORT – TODAY AT 8:00 PM (13 SEPTEMBER 2023) 📌 Individual Income Tax (IIT), Corporate Income Tax (CIT), Partnership Income Tax (PIT), Value Added Tax (VAT), Simplified Value Added Tax (SVAT), VAT on Financial Service (VAT FS), Advance Income Tax (AIT), Capital Gain Tax (CGT), Stamp Duty (SD), Share Transaction Levy (STL),…
Tax Payments & Returns – July 2020
Tax payments & Returns due dates and payment period codes for the month of July 2020 are as follows: Advance Personal Income Tax (APIT) for the month of June 2020 is due on July 15, 2020. Tax Type: 03 Period Code: 20060 WHT / AIT on Interest for the month of June 2020 is due…
Sample Format of Individual Income Tax Loss Adjustment Sheet – 2018/2019
Department of Inland Revenue has published a Sample Format of Individual Income Tax Loss Adjustment Sheet – 2018/2019. Download – Sample Format of Individual Income Tax Loss Adjustment Sheet – 2018/2019
NEW INLAND REVENUE ACT – UNDER BILL STAGE
NEW INLAND REVENUE ACT – UNDER BILL STAGE Imposition of Income Tax for any year of assessment commencing on or after April 1, 2017. New Inland Revenue Act (Bill) – English New Inland Revenue Act (Bill) – Sinhala Issued on 19.06.2017
Tax Payments & Returns due dates in the month of September 2021
Tax Payments & Returns due dates in the month of September 2021 Tax payments & Returns due Tax Payments & Returns due dates in the month of September 2021 dates and tax types & payment period codes for the month of September 2021 are as follows: SEPTEMBER 15TH Advance Personal Income Tax (APIT) for the…
Donations to COVID – 19 Healthcare and Social Security Fund exempted from taxes
Donations to COVID – 19 Healthcare and Social Security Fund that has been established to strengthen the mitigation activities aimed at controlling the spread of COVID-19 virus in the country and related social welfare programme have been exempted from taxes and foreign exchange regulations. Refer this link for more details.
Tax Payments & Returns due dates in the month of May 2021
Tax payments & Returns due dates and tax types & payment period codes for the month of May 2021 are as follows: MAY 15TH Corporate Income Tax (CIT) 4th Instalment for the Y/A 2020/2021 is due on May 13, 2021 (Since May 14 & 15 falls on holidays). Online payment (OTPP) can be made until May…