NBT Return submission due date extended
Submission of Nation Building Tax (NBT) Return has been allowed up to 25 October 2019 and the same would be considered as duly submitted. IRD Notice
Submission of Nation Building Tax (NBT) Return has been allowed up to 25 October 2019 and the same would be considered as duly submitted. IRD Notice
INLAND REVENUE ACT, No. 24 OF 2017 Inland Revenue Act No. 24 of 2017 – English Inland Revenue Act No. 24 of 2017 – Sinhala Certified on 24th of October, 2017
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
Department of Inland Revenue has published updated list of VAT Registration inactivated persons as at 28.01.2020. Download List: PDF | Excel
Taking into account of the COVID – 19 pandemic situation in the country, importers and exporters of goods are requested to obtain Taxpayer Identification Number (TIN) and Value Added Tax Registration (temporary or permanent) through e-Services provided in Inland Revenue web portal. Download IRD Notice: PN/TPS/2021-02 | Dated: 03.03.2021
In terms of section 102(1) of Inland Revenue Act, No. 24 of 2017 (IRA), every person chargeable with Income Tax shall obtain the registration with the Commissioner General of Inland Revenue (CGIR). Further to that, in terms of the section 102(3) of IRA, the Extraordinary Gazette Notification bearing No 2334/21 dated 31/05/2023 issued specifies additional…
As per the paper notes published by IRD on 11.08.2020 (PN/APIT/2020 – 03), w.e.f. April 01, 2020, APIT (PAYE) should be deducted by employer from All non-resident employees and all resident but non-citizen employees regardless of their consent. Download IRD Notice: PN/APIT/2020-03 | 11.08.2020
New Gazette has been published to amend Ports and Airports Development Levy (PAL) w.e.f. December 06, 2019. Download Gazette on PAL changes
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),…
The following bills were approved by the Parliament: Finance (Amendment) Bill – without amendments (06 Oct 2020) To terminate Debt Repayment Levy w.e.f. 01 January 2020 Nation Building Tax (Amendment) Bill – without amendments (07 Oct 2020) To remove the Nation Building Tax from December 1, 2019 Economic Service Charge (Amendment) Bill – without amendments…
Under Section 107 (7) of the Inland Revenue Act, No. 24 of 2017, Commissioner General of Inland Revenue order to pay a sum of Rs. 25,000/= as the fee to be charged in relation to an application for a private ruling requested by a taxpayer.
A tax invoice is an essential document in the administration of Value Added Tax (VAT) in Sri Lanka. It serves as evidence of a taxable transaction between a VAT-registered supplier and customer. Understanding the key elements of a tax invoice and the regulations surrounding its issuance is crucial for compliance with Sri Lankan tax laws….
Department of Inland Revenue is now accepting Statement of Estimated Tax Payable (SET) via e-Service with effective from the Y/A 2021/2022. Statement of Estimated Tax Payable (SET) is due on 15 August 2021 for the first quarter ended 31 June 2021 for the YA 2021/2022. Click here to Download Quick Guide Publish by the Department of…
Gazette Notification No. 2124/3 IRD Notice on Change of VAT Rate As per the Extraordinary Gazette Notification No. 2124/3 dated May 21, 2019, published under section 2A of the Value Added Tax Act, No. 14 of 2002 (VAT Act), VAT rate on the supply of services listed below is reduced to 5% with effect from…