Department of Inland Revenue has published a paper notice (PN/DTR/2020-02) 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, all the Banks are informed that the notices issued, if any, under Section 180 of the Inland Revenue Act…
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…
Order to impose special Commodity Levy on Maldive Fish, Black Gram, Chillies etc., w.e.f. 19.01.2018 for a 6 months period. Download – English Download – Sinhala Download – Tamil
Budget 2019 Budget speech – 2019 – English | Sinhala | Tamil Analysis by Tax Professionals: EY | KPMG | PwC | Deloitte
Gazette notification under Paragraph (e)(iii) of the Third Schedule of the Inland Revenue Act, No. 24 of 2017- official emoluments of any individual who is employed by the Asian Development Bank.
According to the provisions of the Inland Revenue Act, No. 24 of 2017 (IRA), every person who is liable for Income Tax shall file a Return of Income not later than eight months after the end of each Year of Assessment. Therefore, last date to furnish the Return of Income for the year of assessment…
Penalties for failure to file a return on time as provided in IRA will not be imposed, where the Return of Income for the Year of Assessment 2019/2020 is furnished on or before February 28, 2021. Download IRD Notice No. PN/IT/2020-09 | Dated: 03 November 2020
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…
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
The Inland Revenue Act, No. 24 of 2017 comes into operation with effect on April 1, 2018. Inland Revenue Act, No. 24 of 2017 – Download English Inland Revenue Act, No. 24 of 2017 – Download Sinhala
Download Form Every employee is required to furnish Primary Employment Declaration Form, to the employer nominating his primary employment under New IRA. A declaration must be signed and dated by the employee and the employer, and may relate to one or more years of assessment. An employee must not have more than one primary…
Department of Inland Revenue has uploaded updated Schedules 6 & 7 for Exports. Download Schedule 06 – Goods Export Schedule Download Schedule 07 – Service Export Schedule
WHT Annual Statement – Year of Assessment 2018/2019 is due on April 30, 2019 which is required to submit together with applicable WHT schedules. IRD has published “Updated Schedule File Verifier Tool” in order to verify the WHT schedules applicable under new IRA. Click on below link to Download and run the Updated Schedule File…
New gazettes has been issued on revision of Excise Duty on Liquor. Revision of Excise Duty on Liquor – Gazette No. 2152-11 | Date: 03.12.2019 Revision of Excise Duty on Imported Liquor – Gazette No. 2152-12 | Date: 03.12.2019 Revision of Excise Duty on Liquor – Gazette No. 2152-13 | Date: 03.12.2019