As per the Extraordinary Gazette Notification No. 2151/52 dated November 29, 2019, published under section 2A of the Value Added Tax Act No. 14 of 2002, VAT rate has been revised with effect from December 01, 2019 as set out below. supply of services by a hotel, guest house, restaurant or other similar businesses providing…
Department of Customs has published a notice on VAT & NBT change. Download Custom Notice on VAT & NBT
Ministry of Finance has published New Gazette on VAT changes with effect from 1 December 2019. Download Gazette 2151/52 – English Download Gazette 2151/52 – Sinhala
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 the WHT Credit Schedule which is needed to submit for the year of assessment 2018/2019 after verification through RAMIS under the “Upload schedule Files / Documents” option. WHT Credit Schedule for Individuals WHT Credit Schedule for Partnership WHT Credit Schedule for Company
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
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…
The Cabinet has given its approval to remove the Nation Building Tax (NBT), Pay As You Earn (PAYE) Tax and Withholding Tax on interests, the Co-Cabinet Spokesperson Ministers Bandula Gunawardana said today.He mentioned this during the first press briefing to announce the decisions of the new government’s Cabinet of Ministers. It took place at the…
ESC Amendment Bill has been published by incorporating proposed changes to the ESC Act. Download – English | Sinhala
Inland Revenue Amendment Bill has been published by incorporating proposed changes to the Inland Revenue Act, No. 24 of 2017. Download – English | Sinhala
Department of Inland Revenue has published a Quick Guide for “How to file Individual Income Tax (IIT) Return”. Download IIT Quick Guide
Department of Inland Revenue has published a Sample Format of Individual Income Tax Loss Adjustment Sheet – 2018/2019. Download – Sample Format of Individual Income Tax Loss Adjustment Sheet – 2018/2019
Department of Inland Revenue has published a quick guide on “How to file Statement of Partnership Income online”. Download Quick Guide – “How to file Statement of Partnership Income“
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…