Tax concessionary actions for the post COVID – 19 economic uplifting programme
The government has taken tax concessionary actions for the post COVID – 19 economic uplifting programme. Download Cabinet Decisions – 2020.06.24
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Exempt amounts under third schedule of the Inland Revenue Act No. 24 of 2017
Exempt amounts under third schedule of the inland revenue act no. 24 of 2017 Download Schedule 01 Code Table 19/20
IRD Notice on New VAT Amendment Act, No. 25 of 2018
Department of Inland Revenue has published notice on New VAT Amendment Act, No. 25 of 2018 (Download Notice)
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
Due date of submission of PAYE and WHT Returns extended
Department of Inland Revenue has extended due date of submission of PAYE Annual Declaration and WHT Return for the Y/A 2018/19 up to May 15, 2019. IRD Notice
Updated Schedule File Verifier Tool
Department of Inland Revenue has published Updated Schedule File Verifier Tool. Click here to download
Budget 2019 – Proposals on Betting and Gaming Levy
Betting and Gaming Levy (Amendments to the Betting and Gaming Levy Act, No.40 of 1988 Revision of Annual Levy Annual levy for carrying on the business of gaming other than playing rudjino will be revised to Rs. 400 million Annual levy for carrying on the business of playing rudjino will be revised to Rs.1 million…
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…
Extension for validity of Outward Remittance Clearances issued for covering specified period of time
Taking into account the prevailing Covid-19 pandemic situation in the country, the Commercial Banks, Authorized Dealers engaged in outward remittances and the person who make the outward remittances are hereby informed to treat that the validity of Outward Remittance Clearances issued for covering specified period of time (which are expiring on or after December 31, 2020) by…
Special Commodity Levy on Sugar
Special Commodity Levy has been imposed on Cone or beet Sugar, R. a. w. Sugar, etc and shall be valid for a period of 06 months commencing from 16th February 2018. Download – English Download – Sinhala
New schedule file Verifier Tool
Schedule File Verifier – Version: 3.7.4 Department of Inland Revenue has issued new version of schedule file verification tool to verify schedules (VAT/SVAT/PAYE/WHT) and submit via E-filing.
Gazette on Foreign Exchange Regulations
EY has issued a Tax Alert which provides a snapshot of the policy changes to the Foreign Exchange Regulations by order published in Gazette Notification 2169/3 dated 02 April 2020. Download EY Tax Alert Download Gazette No. 2169/3
Luxury Tax on Motor Vehicles
Ministry of Finance has issued a Government Notice on Luxury Tax on Motor Vehicles. Download Government Notice on Luxury Tax on Motor Vehicles
Certificate of Tax Deduction (T-10)
Employers are required to issue all employees details of the tax deductions made during the year in the Certificate of Tax Deduction (T 10 form), before the expiry of the 30th day of April in the following year (30 April 2018). Certificate of Income Tax Deductions – (P.A.Y.E./T.10 (new)) Certificate of Income Tax Deductions – Under Section…