Custom Notice on Vehicle Entitlement Levy effective from 01.01.2019
Sri Lanka Customs has published a notice on Vehicle Entitlement Levy effective from 01.01.2019. Download Customs Notice
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Customs Notice on VAT & NBT change
Department of Customs has published a notice on VAT & NBT change. Download Custom Notice on VAT & NBT
Extension for Stamp Duty Payment and Return
Compound Stamp Duty is required to make the payment and submit the return for the quarter ending March 31, 2020, on or before April 15, 2020. However, due to the prevailing situation of the country, such payment and submission of Stamp Duty Return for the above period have been allowed up to 30th April 2020….
Gazette on New VAT Rate 12% w.e.f. 01 June 2022
Minister of Finance has published a gazette notification on VAT rate change on the following. Order declares that : The Value Added Tax shall be charged ; On import of goods set out in the H. S. Code and description specified in Column I and II of Schedule of the Extraordinary Gazette Notification No. 2095/20…
Further clarifications on Transfer Pricing Information in Relation to the Return of Income Year of Assessment 2019/2020
Applicability of Transfer Pricing regulations due to the implementation of newly proposed changes of concessionary tax rates and / or tax exemptions. Download IRD Notice No. PN/TP/2020-02 | Dated: 25 November 2020
Ports and Airports Development Levy (Amendment) Bill
The new amendment to Ports and Airports Development Levy Act on rate revision. The key revisions are as follows; Items subject to a rate of 2.5%, will be subject to an increased rate of 5%; Items subject to a rate of 5%, will be subject to an increased rate of 7.5%; Specified items will be exempted…
New SSCL Amendments: Key Changes from Act No. 24 of 2025
The Inland Revenue Department (IRD) has issued a formal notice, SEC/PN/SSCL/2026-01, dated January 16, 2026, highlighting critical changes to the Social Security Contribution Levy (SSCL) framework. These changes stem from the Social Security Contribution Levy (Amendment) Act, No. 24 of 2025, which was officially certified on December 17, 2025. The amendment focuses on expanding exemptions…
PAL rate revision for cement clinkers
Finance Ministry has issued a gazette notification by reducing the PAL rate of cement clinkers from 10% to 7.5%. Download the Gazette Notification
IRD Notice on Removal of Economic Service Charge (ESC)
As approved by the Cabinet of Ministers and instructed by the Ministry of Finance, ESC has been abolished with effect from January 01, 2020, pending parliamentary approval for amendment to the Economic Service Charge Act, No. 13 of 2006. Accordingly, any person or partnership for any quarter commencing on or after January 01, 2020 is…
IRD Notice on recent VAT Amendment
Implementation of Changes to Value Added Tax (VAT) as passed in Parliament on 23rd October 2019 IRD Notice on recent VAT Amendment
APIT should be deducted by employer from Non-Citizens regardless of their consent w.e.f. 01 April 2020
As per the paper notes published by IRD on 11.08.2020 (PN/APIT/2020 – 03), w.e.f. April 01, 2020, APIT (PAYE) should be deducted by employer from All non-resident employees and all resident but non-citizen employees regardless of their consent. Download IRD Notice: PN/APIT/2020-03 | 11.08.2020
Updated Schedule File Verifier Tool for VAT / SVAT / PAYE / WHT
Department of Inland Revenue has published Updated Schedule File Verifier Tool to verify your schedules (VAT/SVAT/PAYE/WHT) for E-filing. Download Link (Version – 4.3) Guide for “How to use the schedule verification tool”
New amendment to the Gazette No. 2151/52 on recent VAT changes
New gazette has been published by Ministery of Finance with explantory note to the gazette No. 2151/52. Download Gazette No. 2152/60
VAT (Amendment) Act No. 9 of 2021
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…