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.
As passed by Parliament on August 9, 2018 together with amendments moved at the Committee Stage of the Bill, and certified by the Hon. Speaker, the Value Added Tax (Amendment) Act, No. 25 of 2018 takes effect on August 16, 2018 (unless otherwise stated). The amendments made to the Value Added Tax Act, No. 14…
Tax payments & Returns due dates and tax types & payment period codes for the month of August 2021 are as follows: AUGUST 15TH Corporate Income Tax (CIT) 1st Instalment for the Y/A 2021/2022 is due on August 13, 2021 (Since August 14 & 15 fall on holidays), Online payment (OTPP) can be made until August…
NBT Bill was passed in Parliament on 23 October 2019 which is yet to be certified by the Hon. Speaker. 1.New Exemptions 1.1 Importation of any project related article by a BOI enterprise Importation of any project related article by an enterprise which has entered into an agreement with the BOI of Sri Lanka under section…
Department of Inland Revenue has suspended Tourist VAT Refund scheme until further notice. Refer to the notice below. Special Notice on Tourist VAT Refund Scheme
Finance Ministry has issued a gazette notification by reducing the PAL rate of cement clinkers from 10% to 7.5%. Download the Gazette Notification
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…
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Ports and Airports Development levy With the view of promoting tourism sector and to reduce the upfront cost of local manufacturing industry, PAL on the items classified under HS Codes 0712.20.00, 0712.90.10 and 7801.10.00 will be reduced to 2.5%. The lapidary sector will be encouraged by the removal of PAL on the items classified under…
Department of Inland Revenue has published Updated Schedule File Verifier Tool. Click here to download
Tax payments & Returns due dates and tax types & payment period codes for the month of July 2022 are as follows: JULY 15TH Advance Personal Income Tax (APIT) for the month of June 2022 is due on July 15, 2022. Individual who has already given the consent to the employer (company) to deduct Advance Personal Income Tax (APIT)…
Department of Inland Revenue has published a quick guide for “How to file PAYE Annual Declaration for the Y/A 2018/2019” Download PAYE quick guide
The Colombo Port City Economic Commission Act was passed in Parliament on the 19th of May 2021 and is pending certification by the Speaker. Download EY Analysis of Colombo Port City Economic Commission Act. Colombo Port City Economic Commission Act – English
Following gazettes to be released on Budget 2019. DATE GAZETTE NO. DESCRIPTION DOWNLOAD 09-04-2019 2118/24 Luxury Tax on Motor vehicles Click here to download 04-04-2019 2117/48 Gazette Notification Issued under Excise (Special Provisions) Act to Release Vehicles Laying in Hambantota Port in 2015 – 2017 Click here to download 04-04-2019 2117/48 Application Specified in Schedule…