How to get a TIN Certificate | | How to determine Residency
How to get a TIN Certificate Online: IRD Link to register as a Taxpayer and obtain your TIN By Visit or Post: This form (Name A below) is to be submitted along with supporting documents to the Primary Registration Unit at the IRD head office or any of the Metro Branches or Regional Offices. If…
Is it mandatory to register with the Inland Revenue Department and obtain a Tax File Number (TIN)
With effect from January 01, 2024, any individual who is at the age 18 years or more, or who attains the age of 18 years on or after January 01, 2024, it is mandatory to register with the Inland Revenue Department and obtain a TIN (Taxpayer Identification Number). Furthermore, any person who receives an income…
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.
Amendment to VAT Act | Removal of VAT Exemptions
The Bill to amend the VAT Act was published on August 11, 2023, and the EY Tax Alert dated September 11, 2023, highlighted the proposed changes based on this Bill. Subsequently, during its passage through Parliament, a few significant changes were made, and the Bill was finally passed in Parliament on December 11, 2023, with…
Tax Summary of Budget 2024
1. Income Tax (Amendments to the Inland Revenue Act, No. 24 of 2017 1.1 Tax Payable by Withholding (a) A special tax return requirement will be introduced for the deduction of 2.5% withholding tax levied on the sale price of any gem sold at an auction conducted by the National Gems and Jewellery Authority. Exemption…
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!
IRD Notice: Reimbursement of Value Added Tax (VAT) to the Purchasers of Agricultural Tractors
The attached notice is from the Inland Revenue Department of Sri Lanka (IRD) regarding the reimbursement of Value Added Tax (VAT) to the purchasers of agricultural tractors. The notice states that the importation of agricultural tractors was exempted from VAT with effect from January 1, 2015, but that VAT was charged on agricultural tractors imported…
Download: Returns of Income – Year of Assessment 2022/2023
Individuals Partnerships Resident, Non-Resident Companies, Entities and Corporations, etc. facebook, youtube, amazon, weather, google maps, news, gmail, sports, movies, music, games, translate, dictionary, shopping, flights, hotels, jobs, health, travel, recipes
Tax Webinar on Individual Income Tax – YA 2022/2023
📌 Employment, Business, Investment Incomes, Qualifying Payments and Reliefs, Tax Credits 📌 Date & Time: 27 September 2023 (Tomorrow) at 8:00PM 📌 Investment: LKR 500/- 📌 Limited Zoom seats are available! 📌 Hurry Up! Register Soon! 📌 Registration Link: https://forms.gle/p3BCrwmizqpC3Mku7 Please make the payment LKR 500/= to Lanka Tax Club bank account mentioned below: Name:…
Tax refunds for advance income tax (AIT/WHT) deducted on interest
SEC/2023/E/06 from the Inland Revenue Department of Sri Lanka is about senior citizens’ quarterly income tax refunds for advance income tax (AIT/WHT) deducted on interest. It sets out the manner and the procedure of refund payments to senior citizens in terms of Section 150(2A) of the Inland Revenue Act, No. 24 of 2017 (IRA) as…
Bill to amend the Value Added Tax Act No. 14 of 2002
An amendment proposal to the Value Added Tax Act No. 14 of 2002 was officially released on August 31, 2023, and awaits presentation in Parliament. The purpose of this post is to elucidate the key provisions contained within this proposal. It is essential to underscore that the content of this Bill remains subject to potential…