Department of Inland Revenue has published “Interim Estimate of Value Added Tax on Supply of Financial Services – 2nd Six Months 2019/2020” today and you can download the Return form and schedule using the below links. Interim Estimate of Value Added Tax on Supply of Financial Services – 2nd Six Months of – 2019/2020 Schedules…
Notice to the Employers and Employees Deduction of Tax on Cumulative Income from Employment for the Period 01.01.2020 – 31.03.2020 As you are already informed by the Inland Revenue Department (IRD) by its notice under the reference No. PN/IT/2020 – 03 (Revised) dated 06.04.2020 published in line with the instructions issued by the Ministry of…
Department of Inland Revenue has published Annual Statement of Employer (PAYE Return) for the Y/A 2019/2020. Download Annual Statement of Employer 2019/2020 Schedule 01 – For Remuneration Other than and Once- and –for – all payments Schedule 02- For Ones- and-for-all Payments Instructions to Complete the Annual Statement of Employer and Schedules
Department of Inland Revenue has published a sample ESC Return format for the Y/A 2019/2020. Download ESC Return Guide to Filling the Economic Service Charge (ESC) Return
Department of Inland Revenue has published a sample format of Stamp Duty Return. Download Stamp Duty Return
PAYE, WHT, ESC, Stamp Duty, VAT on FS Interim Estimate & Transfer Pricing Disclosure Form Department of Inland Revenue has published a paper notice (PN/Tax Return/2020-01) by extending the following due dates of Tax Returns submission. Annual Declaration of Employer (PAYE Return) for the Y/A 2019/2020 is due on April 30, 2020 Annual Declaration of Employer…
As you are already informed by the Inland Revenue Department (IRD) by its notice under the reference No. PN/IT/2020 – 03 (Revised) dated 08.04.2020 published in line with the instructions issued by the Ministry of Finance, subject to formal amendments to the Inland Revenue Act, No. 24 of 2017 (IRA), mandatory requirement under Section 83…
Department of Inland Revenue has published Withholding Tax Return for the Y/A 2019/2020. Download: Statement of Withholding Tax – Y/A 2019/2020 Guidelines to Fill the Statement of Withholding Tax Schedules to Withholding Tax Return
Minister of Finance, Economic and Policy Development has issued a gazette notification under the following; The Special Import License and Payment Regulations No. 1 of 2011 published by the Gazette Extraordinary No. 1739/3 dated January 02, 2012 is amended hereby removing the Regulation 3(1) b, 3(1) c, 11 and 12. Sri Lanka Customs and Commercial…
The Tax Appeals Commission (TAC) has requested from Commissioner General of Inland Revenue (CGIR) to make aware the Taxpayers who are aggrieved by the determinations of the CGIR and could not lodge an appeal to the TAC against such determinations within thirty (30) days in terms of section 7(2) of the TAC Act No. 23…
Individuals who are liable to pay income tax (whose assessable income for a month exceeds Rs. 250,000 per month or Rs. 3,000,000 for a year of assessment), are required to register and obtain Taxpayer Identification Number (TIN) in order to pay Income Tax on a quarterly basis. There are two methods; Manually Online How to register manually (Due…
Alternative Tax Payment System (ATPS) through Online Fund Transfer Facility. Taking in to account of the Covid -19 Endemic situation currently prevailing in the country, the Inland Revenue Department (IRD) has introduced an Alternative Tax Payment System (ATPS) for making tax payments through Online Fund Transfer Facility, with the collaboration of specific banks, with effect from 08-04-2020….
Ministry of Finance has issued a Gazette by amending the Finance (Teledrama, Film and Commercials Levy) Regulations, No. 1 of 2017, published in the Gazette Extraordinary No. 2044/21 of November 07, 2017. Download Gazette: 2168/9
Department of Inland Revenue has published on changes that have been proposed to the Inland Revenue Act, No. 24 of 2017. The law pertaining to the above is yet to be enacted. Download IRD Notice: PN/IT/2020-03 (Revised) | 08.04.2020