How to file PAYE Annual Declaration for the Y/A 2018/2019
Department of Inland Revenue has published a quick guide for “How to file PAYE Annual Declaration for the Y/A 2018/2019” Download PAYE quick guide
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Updated Schedules 6 & 7 for Exports
Department of Inland Revenue has uploaded updated Schedules 6 & 7 for Exports. Download Schedule 06 – Goods Export Schedule Download Schedule 07 – Service Export Schedule
Extension of Validity Period of the Tax Clearance Certificates relating to Liquor Licenses
Taking into account of the prevailing situation in the country, all divisional secretaries and liquor license holders are informed to treat that the validity period of all tax clearance certificates relating to liquor licenses (which will be expired before December 31, 2020) issued by the Inland Revenue Department to the liquor license holders have been…
Submission of Statement Estimated Tax (SET) Payable for the year of assessment 2019/2020
Department of Inland Revenue has published notice by extending the due date of the Submission of Statement Estimated Tax (SET) Payable – Year of assessment 2019/2020. Accordingly, SET could be submitted to the IRD once the IRD is opened for the General public after the Covid 19 pandemic situation comes to normal. Download IRD Notice
Gazette on Foreign Exchange Regulations
EY has issued a Tax Alert which provides a snapshot of the policy changes to the Foreign Exchange Regulations by order published in Gazette Notification 2169/3 dated 02 April 2020. Download EY Tax Alert Download Gazette No. 2169/3
Special Goods and Services Tax Bill – 2022
This is to provide for the imposition of a special goods and services tax, in lieu of the sums chargeable on such specified goods and services by way of tax, duty, levy, cess or any other charge imposed by law; to promote self-compliance in the payment of taxes in order to ensure greater efficiency in…
Tax Webinar: How to calculate your tax liability if you have Salary + Interest – YA 2022/2023
ඔයාට තියෙන්නේ Salary විතරද? එහෙම නැත්නම් Salary සහ පොළී අදායම විතරද? එහෙනම් තනියෙම ඔයාගේ Tax එක හදමුද? 📌 Registration Link: https://forms.gle/2GwBYEpNAsZtUH8U8 📌 Date & Time: 22 October 2023 at 8:00PM onwards 📌 Investment: LKR 500/- (50% Discount for first 100 registrations) 📌 Limited Zoom seats are available! 📌 Hurry Up! Register Soon!
VAT Rate
History of General VAT Rate change in Sri Lanka from 2002 to date. Period Type Rate Rates applicable from 01.08.2002 to 31.12.2003 01.08.2002 – 31.12.2003 Reduce – 2nd Sch. 10% Standard – All other 20% Rates applicable from 01.01.2004 to 31.12.2008 01.01.2004 – 18.11.2004 Single Rate – 3rd Sch. 15% 19.11.2004 – 31.12.2004 Basic Rate – 3rd Sch….
How to activate VAT Registration
Further to the IRD Notice on “Voluntary Registration for VAT”, Any person who wishes to continue the VAT Registration (whose Registration is inactivated) should make submission along with following documents. Application for activation of VAT Registration Request letter which should be signed by a Director (In the case of Company) or Proprietor (Sole Proprietorship) or…
Further Extension of Tax Return Submission Dates – up to 31 December 2020
Department of Inland Revenue has published a paper notice (PN/Tax Returns/2020-03) by in lining with the approval for “Tax Relief Measures to Facilitate Post COVID-19 Economic Recovery” granted by the Cabinet of Ministers on June 24, 2020, date of submission of following Tax Returns/statements has been further extended up to December 31, 2020. Annual Declaration…
Application Form for Temporary VAT Registration
Note: This form to be submitted along with supporting documents (If any) to the Help Desk at the nearest IRD branch.
Proposed amendments to taxation
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…
PAYE Tax automatic calculator – Excel
We have developed PAYE tax automatic calculator in excel under Inland Revenue Act No. 24 of 2017. If you wish to purchase and for more details please contact us via info@lankataxclub.lk | Contact Us
Updated list of SVAT RISs and RISs as at 08th July 2019
Department of Inland Revenue has published the updated list of SVAT Registered Identified Suppliers (RISs) and Registered Identified Purchasers (RISs) as at 08th July 2019. List of Registered Identified Suppliers (RISs) [08-07-2019] List of Registered Identified Purchasers (RIPs) [08-07-2019]