Department of Inland Revenue has published a Notice for by instructing Individuals to compute the 4th Installment Payment for the Year of Assessment 2019/2020. Download IRD Notice PN/IT/2020-04 (06.05.2020): English | Sinhala
Notice to the Employers and Employees Deduction of Tax on Cumulative Income from Employment for the Period 01.01.2020 – 31.03.2020 As you are already informed by the Inland Revenue Department (IRD) by its notice under the reference No. PN/IT/2020 – 03 (Revised) dated 06.04.2020 published in line with the instructions issued by the Ministry of…
Minister of Finance and Mass Media has been issued a new Gazette regulations for Levy on Mobile Short Message Services. Effective Date: 01.01.2019 Rate: 25 cents for each SMS Base: on bulk advertisements sent through SMS Liable person: Advertiser Collector: Mobile Telephone Operator Remittance to be made: Telecommunications Regulatory Commission (TRC) Payment Mode: Monthly Payment Due Date: on or before 15th day of…
Tax payments & Returns due dates and tax types & payment period codes for the month of July 2022 are as follows: JULY 15TH Advance Personal Income Tax (APIT) for the month of June 2022 is due on July 15, 2022. Individual who has already given the consent to the employer (company) to deduct Advance Personal Income Tax (APIT)…
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Department of Inland Revenue has published TPDF and guide for the Y/A 2019/2020. Download Transfer Pricing Disclosure Form Download Guide to Transfer Pricing Disclosure Form
Tax payments & Returns due dates and tax types & payment period codes for the month of April 2021 are as follows: APRIL 15TH Advance Personal Income Tax (APIT) for the month of March 2021 is due on April 15, 2021. Individual who has already given the consent to the employer (company) to deduct Advance Personal Income Tax (APIT)…
Following changes are going to be incorporated to Economic Service Charge Act, No. 13 of 2006; Amendments to Section 22 – to specify the base for charging the service charge for importation of motor vehicles Amendments to Schedule IV – to specify the service charge on wholesale or retail sales of petrol, diesel, and kerosene
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…
Department of Inland Revenue has published a notice (PN/IT/2020-03) on 12 February 2020 pertaining to changes proposed to the Inland Revenue Act, No. 24 of 2017. These changes mainly relate to the following: Removal of Withholding Tax (WHT) on the payments made to Resident Persons WHT on the payments made to Non-Resident Persons Revision of Income…
Imposition of Value Added Tax (VAT) on Fabric at the point of Importation As per the amendments made to sub item (v) of item (xxii) paragraph (a) and item (xxxvi) of paragraph (c) of the First Schedule to the Value Added Tax Act, No. 14 of 2002 by the Value Added Tax (Amendment) Act, No….
Department of Inland Revenue has published a notice on Filing of Country by Country Report (CbCR) of the MNE Group. Download IRD Notice | PN/TP/2020-03 | Dated: 22.12.2020
REGULATIONS made by the Minister of Finance under section 75 read with section 64 of the Value Added Tax Act, No. 14 of 2002. These regulations operate effective for the requirement of the sections, and the Regulations published in the Gazette Extraordinary No. 1024/8 of April 21, 1998 are hereby rescinded. Download – English Download…