Summary Section 22 of the Economic Service Charge Act, No. 13 of 2006 and the legal effect of the section as amended is to specify the base for charging the service charge for importation of motor vehicles. Schedule IV of the principal enactment and the legal effect of the section as amended is to specify…
Department of Inland Revenue has issued a new public ruling on taxpayers who have been granted the approval to change the accounting period under the Inland Revenue Act No. 10 of 2006. Download the Public Ruling – PR/IT/2018/01
Central Bank has issued a circular on concessions granted to Tourism Industry. Circular No. 07 of 2019 (on 08.05.2019)
Department of Inland Revenue has published a Application Form for Profile Update (For Company). Click here to download Application All taxpayers are required to update their profile with the relevant activity code in the IRD system. This can be done by updating the profile information via e-Service or by sending the requested information and documents…
This circular provides clear instructions for Withholding Agents (WHA) on how to apply tax deductions under the Inland Revenue Act. These rules apply to specific payments that have a source in Sri Lanka. It replaces the older Circular No. SEC/2022/E/03, which is now officially terminated. Withholding Tax Rates at a Glance Depending on the type…
Any dividend paid to be shareholder of any company prior to April 01, 2019, out of any such dividend received by that company from any other company on which WHT 10% had been deducted prior to April 01, 2018 in accordance with the provisions of the Inland Revenue Act, No. 10 of 2006, such dividend…
Department of Inland Revenue has published Guide to Partnerships Tax Return of Income – Year of Assessment 2018/2019. Download English Guide
Tax Payments & Returns due dates in the month of October 2021 Tax payments & Returns due Tax Payments & Returns due dates in the month of October 2021 dates and tax types & payment period codes for the month of October 2021 are as follows: OCTOBER 15TH Advance Personal Income Tax (APIT) for the…
Department of Inland Revenue has published updated schedules for WHT Credit which are required to be submitted together with Income Tax Return. Individuals Schedule for Withholding Tax Credit Schedule for Withholding Tax Credit (Amendment) Partnerships Schedule for Withholding Tax Credit Schedule for Withholding Tax Credit (Amendment) Resident, Non-Resident Companies, Entities and Corporations, etc. Schedule for…
Department of Customs has published a notice on VAT & NBT change. Download Custom Notice on VAT & NBT
Tax payments & Returns due dates and tax types & payment period codes for the month of June 2021 are as follows: JUNE 15TH Advance Personal Income Tax (APIT) for the month of May 2021 is due on June 15, 2021. Individual who has already given the consent to the employer (company) to deduct Advance Personal Income Tax (APIT)…
Implementation of Changes to Nation Building Tax (NBT) as passed in Parliament on 23rd October 2019 IRD Notice on recent NBT Amendment
Department of Inland Revenue has opened the RAMIS to submit ESC Return online. Effective from 01 April 2019 (for Year of Assessment 19/20) – Due on April 20, 2020 Download the Quick Guide of the same.
Department of Inland Revenue has published a public notice by amending the public notice number PN/VAT/2020-09 issued on 29.06.2020 as follows. VAT Deferment Facility on Imports at the Customs/BOI 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…