Furnishing of Tax Clearance Certificate to Banks
Circular to Commercial Banks and Specialized Banks – Furnishing of Tax Clearance Certificate to Banks Circular No. SEC/2017/05 [16 November 2017]
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Teledrama, Film and Commercials Levy
The Finance Act, No. 11 of 2006 – Regulations as the Finance (Teledrama, Film and Commercials Levy) No. 1 of 2017 Effective from : 08th November, 2017 English | Sinhala Gazette Date : 11 November 2017 Gazette No : 2044/21
INLAND REVENUE ACT, No. 24 oF 2017
INLAND REVENUE ACT, No. 24 OF 2017 Inland Revenue Act No. 24 of 2017 – English Inland Revenue Act No. 24 of 2017 – Sinhala Certified on 24th of October, 2017
Economic Service Charge (ESC) – ආර්ථික සේවා ගාස්තු
Economic Service Charge (ESC) – ආර්ථික සේවා ගාස්තු ESC is levied under ESC Act No.13 of 2006 [as amended by the ESC (Amendment) ActNo.15 of 2007, No.11 of 2008, No.16 of 2009, No.11 of 2011, No.11 of 2012, No.6 of 2013, No. 9 of 2014, No.13 of 2015 and No.7 of 2017, respectively]. CHARHEBILITY…
Proposed Duty Changes – Vehicle Import
Budget 2018 – Proposed Duty Changes – Vehicle Import (2018 අයවැයෙන් වාහනවල යෝජිත Duty වෙනස්වෙන හැටි මෙන්න)
Custom clearances to go paperless from 2018
Daily FT : 11 October 2017 Digital signature, trade information portal and several key functions to be effective from next year, Single Window blueprint ready for July 2018 On track to achieve Govt. revenue target of Rs. 1 trillion Customs DG keen on enhancing efficiency with technology, people-less offices In a major boost to streamline trade, Sri…
Tax publication on new Inland Revenue Act – EY
Tax publication on new Inland Revenue Act – EY The Inland Revenue Bill published by Gazette on 19 June 2017 along with amendments made at the Committee stage was passed by Parliament on 7 September 2017 and will become an Act of Parliament once it receives the certification of the Hon. Speaker. The new Act provide…
Parliament amends the NBT Act revising exemptions
The Parliament passed the Nation Building Tax (Amendment) Bill, providing amendments to certain provisions of the Nation Building Tax Act, No. 9 of 2009 (“NBT Act”). This new Amendment Act which is yet to receive the certification of the Speaker has been analysed by us based on the Nation Building…
Parliament passes new Foreign Exchange Act
All foreign exchange transactions were governed by the Exchange Control Act, No. 24 of 1953 and regulations and directives issued under such Act. On 25 July 2017, the Parliament passed the Foreign Exchange Act. This new Act which is yet to receive the certification of the Speaker has been analysed by us based on the Foreign…
Foreign Exchange Bill passed in Parliament
Foreign Exchange Bill passed in Parliament 2017-07-25 The amended Foreign Exchange Bill was passed in Parliament with a majority of 78 votes.
Presentation slides on New Inland Revenue Act – Conducted by CA Sri Lanka
KPMG – Slide deck on followings; Imposition of Income Tax Income from business Concessions Tax avoidance provisions Amendments to transfer pricing provisions EY – Slide deck on followings; Losses Qualifying payment Withholding taxes Investment income and capital gains taxation Tax exemptions Tax rates Assessment and Appeal Procedure Authorized representative PWC – Slide deck on followings;…