Taking into account the prevailing situation in the country, Customer Supporting & Promotion Unit of Inland Revenue Department (IRD) has made temporary arrangements to provide the services through e-Services, e-Mails and telephone calls. Download IRD Notice No. PN/TPS/2020-5 | Dated: 12 Oct 2020
The government has issued an amendment to the Value Added Tax Act No 14 of 2002. The Value Added Tax (Amendment) Act was passed in Parliament on 4 May 2021 and certified on 13 May 2021 by the Hon. Speaker. Download Value Added Tax (Amendment) Act No. 9 of 2021 – English | Sinhala EY Tax Alert | A Bill to…
Following changes are going to be incorporated to Value Added Tax Act, No. 14 of 2002; Amendments to Section 22 – Local sale of certain garments by export oriented companies Amendments to Section 25A – Sri Lanka Deposit Insurance Scheme Amendments to Section 25C – To limit the taxable period New section 58A – Refund of tax…
The public notice number PN/VAT/2020-14 issued on 30.12.2020 has been amended as follows. Validity of the last issued extension letters with regard to Credit Vouchers (CV) due against the VAT deferred at the Customs/BOI under deferment facility, has been further extended up to April 30, 2021. Please note that this notice is issued with the awareness…
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…
Department of Inland Revenue has published attached Primary & Secondary Employment Declarations in order to get consent from employees (Primary / Secondary). Primary Employment Declaration Secondary Employment Declaration – Resident Deduction of APIT is compulsory from non-resident employees, regardless of their consent.
Tax payments & Returns due dates and tax types & payment period codes for the month of May 2021 are as follows: MAY 15TH Corporate Income Tax (CIT) 4th Instalment for the Y/A 2020/2021 is due on May 13, 2021 (Since May 14 & 15 falls on holidays). Online payment (OTPP) can be made until May…
Ernst & Young has published tax alert containing amendments to direct and indirect taxes as approved by the Cabinet of Ministers on 27 November 2019. The contents of this Alert, including our analysis, are based on the press briefing given by the Cabinet Spokesman subsequent to the Cabinet meeting. Income tax – Effective Date 1…
In line with the directions issued by the Presidential Secretariat on March 23, 2020 to provide relief measures due to Covid 19 outbreak, the Department of Inland Revenue has published a paper notice on Withholding Tax (WHT) Payments for the Months of February and March 2020. Withholding agents and withholdees who are liable to make the payments…
The government has issued an amendment to the Inland Revenue Act No 24 of 2017. The Inland Revenue (Amendment) Act was passed in Parliament on 4 May 2021 and certified on 13 May 2021 by the Hon. Speaker. This Amendment Act brings into law the Government budget proposals which were announced in November 2020 and other announcements made in…
New Regulations made under Economic Service Charges Act, No. 13 of 2006 Download – English Download – Sinhala Download – Tamil
Further Instructions to Alternative Tax Payment System (ATPS) through Online Fund Transfer Facility Further to the notices published on the above subject on 8th April 2020 PN/PMT/2020-1 and on 14th May 2020 PN/PMT/2020-3 the below instructions should be adhered when doing payments using online facilities provided by commercial banks. Only use the online payment facility to…
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
Download – English Download – Sinhala The Government of Sri Lanka is permitted to issue International Sovereign Bonds in 2018 and to make any payments in relation to such issuance, for non-resident investors.