Extension of Time to Remit Tax to the Inland Revenue Department Any amount (in lieu of income tax) retained by the Employees’ Trust Fund Board (ETF), any Provident Fund or Employer as per the Circular No. SEC/2020/02 of the Commissioner-General of Inland Revenue dated 18.02.2020, as tax on terminal benefits due for the retiring employees for which…
As per the paper notice published by the Department of Inland Revenue, the following banks are providing online banking facility under OTPP at present: Bank of Ceylon People’s Bank Commercial Bank of Ceylon PLC Sampath Bank PLC National Saving Bank Nations Trust Bank National Development Bank Download IRD Notice: PN/PMT/2021-04 | Dated 08.06.2021
DRL has been abolished with effect from January 01, 2020, pending parliamentary approval for amendment to the Finance Act, No. 35 of 2018. Accordingly, financial institutions are not subject to DRL with effect from January 01, 2020. However, DRL payment for the month of December 2019 is required to be paid on or before January…
Departments of Inland Revenue has published a circular on paying of Value Added Tax (VAT) to the suppliers. Download
Code for Tax Rate which are applicable to fill the return of Income Year of Assessment -2019/2020 Download the List of Codes for Special Tax Rates 19/20 >>
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
Department of Inland Revenue has published a Circular stating instructions to taxpayers for requesting a private ruling – Circular No. SEC/2018/07.
Department of Inland Revenue has published notice on Implementation of Changes to Value Added Tax (VAT) on Healthcare Services as published in the Extraordinary Gazette. As per the Extraordinary Gazette notification No. 2076/06 dated 2nd July 2018, for any period from 2nd July 2018, value of supply of Healthcare Services should comprise only the Hospital…
MOST AWAITED OPTION NOW AVAILABLE IN RAMIS!!! Documents such as: Transfer Pricing Disclosure Form (TPDF) Audited Financial Statements Withholding Credit Schedule Etc. which were not able to submit together with online or manual filing on before November 30, 2019 can be submitted through RAMIS login under “Upload schedule Files / Documents” option.
Department of Inland Revenue has published a Circular to Withholding Agents (WHA) on Deduction of Withholding Tax and Advance Income Tax. Download IRD Circular No. SEC/2020/04 | Dated: 19 May 2020
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]
The Inland Revenue Department (IRD) of Sri Lanka has issued a critical notice for VAT registered persons who have faced difficulties in obtaining Credit Vouchers for the clearance of deferred VAT at Customs. This issue has primarily arisen due to the issuance of Estimated Assessments on Value Added Tax (VAT) Returns. To address this, the…
Department of Inland Revenue has published a paper notice (PN/Tax Returns/2020-03) by in lining with the approval for “Tax Relief Measures to Facilitate Post COVID-19 Economic Recovery” granted by the Cabinet of Ministers on June 24, 2020, date of submission of following Tax Returns/statements has been further extended up to December 31, 2020. Annual Declaration…
Budget 2018 – Proposed Duty Changes – Vehicle Import (2018 අයවැයෙන් වාහනවල යෝජිත Duty වෙනස්වෙන හැටි මෙන්න)