Value Added Tax Act, No. 14 of 2002 is amended by the Amendment Act, No. 25 of 2018 as certified by the Hon. Speaker on 16th August 2018. The changes are effective from August 16, 2018 (unless a specific date is mentioned in the relevant provision). New VAT Amendment Act No. 25 of 2018 – Download:…
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
IRD Notice to VAT Registered Persons who supply Condominium Housing Units As per the Bill and subsequent Committee Stage Amendments (CSA) as passed in Parliament on the 23rd October 2019 to amend Value Added Tax Act, No. 14 of 2002 (VAT Act) including section 22 and item (xi) of paragraph (b) of the First Schedule to…
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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…
Department of Inland Revenue has published Guide to Individuals Tax Return of Income – Year of Assessment 2018/2019. Download English Guide Download Sinhala Guide
The Commissioner General of Inland Revenue has issued a new directive outlining updated formatting and specifications for Value Added Tax (VAT) invoices. Published in the Gazette Extraordinary No. 2481/22 on March 27, 2026, these new rules aim to standardize tax documentation across Sri Lanka. Here is a comprehensive breakdown of the new requirements and how…
Circular No. SEC/2018/01 [16 March 2018] Department of Inland Revenue has published a circular, which sets out explanatory notes and guideline to any Banks or other Financial Institution, to facilitate the application of the Section 84 of the Inland Revenue Act No. 24 of 2017, with effective from April 1, 2018, for the deduction of…
Tax payments & Returns due dates and tax types & payment period codes for the month of July 2021 are as follows: JULY 15TH Advance Personal Income Tax (APIT) for the month of June 2021 is due on July 15, 2021. Individual who has already given the consent to the employer (company) to deduct Advance Personal Income Tax (APIT)…
Department of Inland Revenue has published two notices on Income Tax, VAT, NBT & WHT. Download – IRD Notice on Income Tax & WHT Download – IRD Notice on VAT & NBT
Taking into account the prevailing situation in the country, the temporary arrangements have been made to provide certain services through e-Services/e-Mails/telephone by the Inland Revenue Department. Refer to below the paper notice for more details. Download Paper Notice No: PN/TPS/2020-3 | Dated: 08.10.2020
A Finance Bill dated August 10, 2018 has been published by the Government, as proposed in the Budget 2018, to provide for the amendment of certain levies, taxes or fees imposed under respective Finance Acts, and for the imposition of certain new levies, taxes or fees. A synopsis of certain such provisions are given in…
Now Taxpayers can apply [from Inland Revenue Department – International Unit] for Blanket Clearances up to 31/03/2018 (Before the new law comes into force) on following outward Remittances- Commission Payments Brokerage Payments Interest Payments (Loan obtained after 01 April 2012) Re-insurance Payments (For Double Tax Treaty Countries)
Tax Payments & Returns due dates in the month of September 2021 Tax payments & Returns due Tax Payments & Returns due dates in the month of September 2021 dates and tax types & payment period codes for the month of September 2021 are as follows: SEPTEMBER 15TH Advance Personal Income Tax (APIT) for the…