WHT Annual Statement – Year of Assessment 2018/2019 is due on April 30, 2019 which is required to submit together with applicable WHT schedules. IRD has published “Updated Schedule File Verifier Tool” in order to verify the WHT schedules applicable under new IRA. Click on below link to Download and run the Updated Schedule File…
Department of Inland Revenue has published the WHT Credit Schedule which is needed to submit for the year of assessment 2018/2019 after verification through RAMIS under the “Upload schedule Files / Documents” option. WHT Credit Schedule for Individuals WHT Credit Schedule for Partnership WHT Credit Schedule for Company
All foreign exchange transactions were governed by the Exchange Control Act, No. 24 of 1953 and regulations and directives issued under such Act. On 25 July 2017, the Parliament passed the Foreign Exchange Act. This new Act which is yet to receive the certification of the Speaker has been analysed by us based on the Foreign…
Department of Inland Revenue has introduced new VAT schedules for Export of Goods and Services. These schedules are effective for all transactions from 01 April 2021. Schedule 06 – Goods Export Schedule Schedule 07 – Service Export Schedule
As instructed by the Ministry of Finance and approved by the Cabinet of Ministers, NBT has been abolished with effect from December 01, 2019, pending parliamentary approval for amendment to the Nation Building Tax Act, No. 9 of 2009. However, any person/partnership who/which engages in the business of processing of any locally procured agricultural produce in…
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.
The below article has been published by the Ministry of Finance on 31st October 2019. Luxury tax on motor vehicles will not be affected for small vehicles. The Finance Act has been amended as proposed in the Budget 2019 by Minister of Finance Hon. Mangala Samaraweera, the tax levied on motor vehicles will only be…
Pay As You Earn (PAYE)/ Advance Personal Income Tax (APIT) Return and Schedules for the Y/A 2020/2021 Return Annual Statement of Employer – APIT (YA 2020/2021) Guide Instructions to Complete the Annual Statement of Employer and Schedules Schedule – PDF Schedule 01 – For Remuneration Other than and Once and for all Payments Schedule 02…
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
Department of Inland Revenue has published an updated VAT Quick Guide by including instructions on newly introduced VAT schedules on Export of Goods and Services. VAT Schedule 06 : Article Export VAT Schedule To understand more about the structure of the VAT schedule 06 file, what the individual fields mean and the naming convention required,…
New Gazette on International Telecommunications Operators Levy (Imposition) Regulations No. 01 of 2010. Gazette Notification No. 2123/19 – English | Sinhala
