Supply of residential accommodation by way of sale of Condominium housing unit by any person is exempt from VAT with effect from December 01, 2019. Accordingly, VAT is not applicable on the sale of condominium Housing Unit with effect from December 01, 2019, subject to formal amendment to the Value Added Tax Act No. 14…
Schedule File Verifier – Version: 3.7.4 Department of Inland Revenue has issued new version of schedule file verification tool to verify schedules (VAT/SVAT/PAYE/WHT) and submit via E-filing.
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…
Taking into account of the prevailing situation in the country, the validity period of all VAT Active Certificates (which are expiring on or after October 01, 2020) issued by the Inland Revenue Department to the VAT registered persons are extended until December 31, 2020. Download IRD Notice No. PN/TC/2020-07 | Dated: 02 November 2020
Tax payments & Returns due dates and tax types & payment period codes for the month of September 2020 are as follows: SEPTEMBER 15TH Advance Personal Income Tax (APIT) for the month of August 2020 is due on September 15, 2020. Individual who has already given the consent to the employer (company) to deduct Advance Personal Income Tax (APIT)…
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),…
📌 Employment, Business, Investment Incomes, Qualifying Payments and Reliefs, Tax Credits 📌 Date & Time: 27 September 2023 (Tomorrow) at 8:00PM 📌 Investment: LKR 500/- 📌 Limited Zoom seats are available! 📌 Hurry Up! Register Soon! 📌 Registration Link: https://forms.gle/p3BCrwmizqpC3Mku7 Please make the payment LKR 500/= to Lanka Tax Club bank account mentioned below: Name:…
The Inland Revenue Department (IRD) of Sri Lanka has issued an important notice to all taxpayers regarding the recovery of outstanding taxes. This notice highlights a serious issue that has recently come to light and provides crucial guidance for all taxpayers to ensure their safety and proper compliance with tax regulations. Key Information The IRD…
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
Tax payments & Returns due dates and tax types & payment period codes for the month of February 2021 are as follows: FEBRUARY 15TH Corporate Income Tax (CIT) 3rd Instalment for the Y/A 2020/2021 is due on February 15, 2021. Tax Type: 02 Period Code: 20213 Individual Income Tax (IIT) 3rd Instalment for the Y/A 2020/2021 is…
Tax payments & Returns due dates and tax types & payment period codes for the month of August 2020 are as follows: Advance Personal Income Tax (APIT) for the month of July 2020 is due on August 14, 2020 (Since August 15 falls on a holiday) – Individual who has already given the consent to…
IRD Notice on Taxpayer Registration, Income Tax Payments and Furnishing Return of Income for the Year of Assessment 2019/2020. In accordance with the amendments to the Inland Revenue Act, No. 24 of 2017 passed in Parliament on the May 4, 2021; Resident individuals whose employment income was subjected to PAYE prior to January 1, 2020…
VAT Registration of persons of whose taxable supply has never exceeded Rs.75 million for any taxable period ended prior to December 31, 2019, IRD has been inactivated VAT Registration with effect from January 01, 2020. In line with that SVAT registration of such persons will also be inactivated with effect from January 01, 2020. Therefore,…
Department of Inland Revenue has published Revised Circular to Banks and Financial Institutions on Deduction of Withholding Tax and Advance Income Tax – Circular No. SEC/2020/03 [08 June 2020] Download IRD Circular No. SEC/2020/03 (Revised) | Dated: 08 June 2020