List of VAT Inactivated persons as at 28 January 2020
Department of Inland Revenue has published updated list of VAT Registration inactivated persons as at 28.01.2020. Download List: PDF | Excel
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Inland Revenue (Amendment) Act No. 10 of 2021
The government has issued an amendment to the Inland Revenue Act No 24 of 2017. The Inland Revenue (Amendment) Act was passed in Parliament on 4 May 2021 and certified on 13 May 2021 by the Hon. Speaker. This Amendment Act brings into law the Government budget proposals which were announced in November 2020 and other announcements made in…
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.
Taxpayer may designate an Authorized Representative
Circumstances under which a taxpayer may designate an authorized representative to communicate with the Inland Revenue Department on behalf of the taxpayer as set out in the gazette (attached) effective from 01.04.2018.
Concessions on Value Added Tax (VAT) due to COVID-19
Inland Revenue Department has issued a paper notice on Value Added Tax by taking into account the prevailing situation in the country. VAT Payments for the months of February and March 2020 Making the VAT payment including VAT on Financial Services for the month of February which was due on March 20, 2020 and the payment…
Regulations on Transfer Pricing under Inland Revenue Act No. 24 of 2017 – Gazette No. 2104/4
The gazette has been issued regulations on Transfer Pricing under Inland Revenue Act No. 24 of 2017 – Gazette No. 2104/4. Download English Gazette No. 2104/4 Download Sinhala Gazette No. 2104/4
Statement of Estimated Income Tax Payable – Year of Assessment 2020/2021
Department of Inland Revenue has published followings on Estimated Income Tax Payable – Year of Assessment 2020/2021 which is due on August 15, 2020. Statement of Estimated Income Tax Payable [Set_E] Instructions for Completing the Statement of Estimated Tax
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…
List of VAT Inactivated Persons as at 14.01.2020
Department of Inland Revenue has published a List of VAT Registration Deactivated Persons (w.e.f. 14.01.2020). Download List: PDF | Excel
Extension for tax on terminal benefits
Income tax on terminal benefits due for the retiring employees for which such employees were required to produce a Direction from the IRD within 90 days from the date of such retention of tax is further extended to 31 January 2021. Download IRD Notice: PN/APIT/2020-05 | Dated: 30.12.2020
Updated Primary Employment Declaration Form (PED)
Updated Primary Employment Declaration Form – Added separate line for “Employee NIC/Passport No.” 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….
Extension on Tax Return submission dates
Taking into account the prevailing situation in the country (Covid -19 pandemic, Second wave), the following Tax Returns can be submitted up to the dates mentioned below without subjecting to late filing penalties as per the respective enactments. Compounded Stamp Duty Return for the quarter ending September 30, 2020 – Additional time allowed up to…
Record Keeping Regulations No. 1 of 2017 under the Value Added Tax Act
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…
Income tax exemption on interest accrued or derived from Special Deposit Account
Department of Inland Revenue has published a paper notice on income tax exemption on interest accrued or derived from Special Deposit Account. Download IRD Notice: PN/IT/2020-08 | Dated: 26.10.2020