Special Commodity Levy on Potatoes
Special Commodity Levy has been imposed on Potatoes and shall be valid until March 31, 2018 commencing from February 24, 2018. Download – English Download – Sinhala
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IRD Notice to Betting and Gaming Operators
This is an IRD notice about changes to the Betting and Gaming Levy Act. It discusses registration requirements for betting and gaming operators, increases to the gross collection levy rate, and the removal of the Social Security Contribution Levy. Other important points include the introduction of a casino entrance levy and increases to the annual…
HS codes for removal of exemption & new exemption under new VAT amendment
Department of Customs has published notice (Download Notice) relating to new VAT amendment act No. 25 of 2018 stating HS codes for removal of exemption & new exemption.
Tax Agent
“Tax Agent” means an agent who is appointed by the taxpayer to interact with the Commissioner General on behalf of such taxpayer to prepare returns and schedules in respect of any type of taxes administered by the Commissioner General for the purposes of e-Services. The persons who have obtained Taxpayer Identification Number (TIN), now you…
Withholding Tax on Interest paid by Banks or other Financial Institutions
Circular No. SEC/2018/01 [16 March 2018] Department of Inland Revenue has published a circular, which sets out explanatory notes and guideline to any Banks or other Financial Institution, to facilitate the application of the Section 84 of the Inland Revenue Act No. 24 of 2017, with effective from April 1, 2018, for the deduction of…
IRD Notice on Taxpayer Registrations and Updates
Department of Inland Revenue has published a notice Taxpayer Registrations and Updates on 01.06.2020 No.: PN/TPS/2020-1. Maintaining of completed and updated taxpayer profile is helpful in complying with tax related matters and regulations without undue hassle. Moreover, obtaining the relevant services through e-Services enables you to avoid personally visiting the department on multiple occasions. It is essential…
IRD Notice on how to submit Returns, Appeals, Objections, etc.
To adhere the current situation prevailing in the country, Central Document Management Unit (CDMU) of IRD has instituted few steps to receiving the documents (Returns, Appeals, Objections, etc.) from taxpayers. Download IRD Notice No. PN/TPS/2020-4 | Dated: 12 Oct 2020
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
IRD Notice on Temporary arrangements to provide services
Department of Inland Revenue has published a notice as temporary arrangements to provide services during the prevailing situation in the country. Download IRD Notice No: PN/TPS/2021-03
ESC Return Y/A 2019/2020
Department of Inland Revenue has published a sample ESC Return format for the Y/A 2019/2020. Download ESC Return Guide to Filling the Economic Service Charge (ESC) Return
Tax Invoice in Sri Lanka: A Comprehensive Guide
Tax Invoice in Sri Lanka: A Comprehensive Guide By Kokila Mudugamuwa A tax invoice is an essential document in the administration of Value Added Tax (VAT) in Sri Lanka. It serves as evidence of a taxable transaction between a VAT-registered supplier and customer. Understanding the key elements of a tax invoice and the regulations surrounding…