The Agreement between Sri Lanka and the Government of Ukraine in respect of Taxation The proposal made by Hon. Mangala Samaraweera, the Minister of Finance & Mass Media to enter into the Agreement at the Government level which is initialed by now at official level, between Sri Lanka and Ukraine for the avoidance of double…
Department of Inland Revenue has published the list of Economic Activity Codes proposed for the purpose of Profile Update of Taxpayer’s, Principal Activity of Business. Click here to Download PDF version Click here to Download EXCEL version
Penalties for failure to file a return on time as provided in IRA will not be imposed, where the Return of Income for the Year of Assessment 2019/2020 is furnished on or before February 28, 2021. Download IRD Notice No. PN/IT/2020-09 | Dated: 03 November 2020
ESC Amendment Bill has been published by incorporating proposed changes to the ESC Act. Download – English | Sinhala
Taking into account of the prevailing situation in the country, the validity period of all VAT Active Certificates (which are expiring on or after October 01, 2020) issued by the Inland Revenue Department to the VAT registered persons are extended until December 31, 2020. Download IRD Notice No. PN/TC/2020-07 | Dated: 02 November 2020
Department of Inland Revenue has published an updated VAT Quick Guide by including instructions on newly introduced VAT schedules on Export of Goods and Services. VAT Schedule 06 : Article Export VAT Schedule To understand more about the structure of the VAT schedule 06 file, what the individual fields mean and the naming convention required,…
Taking in to account the prevailing situation in the country, the services of the Customer Information Update Unit can be availed via IRD e-Services. Download IRD Notice No. PN/TPS/2020-3 (Amended) | Dated: 17 November 2020 for the steps to be followed.
The Bills to amend the Finance Act, NBT Act, ESC Act and PAL Act were passed in Parliament and the relevant Bills were certified by the Hon. Speaker on October 12, 2020. Finance (Amendment) Act No. 2 of 2020 Terminated the levying of Debt Repayment Levy with effect from January 1, 2020 Nation Building Tax (Amendment) Act No. 3…
Ministry of Finance has published New Gazette on VAT changes with effect from 1 December 2019. Download Gazette 2151/52 – English Download Gazette 2151/52 – Sinhala
Alternative Tax Payment System (ATPS) through Online Fund Transfer Facility. Taking in to account of the Covid -19 Endemic situation currently prevailing in the country, the Inland Revenue Department (IRD) has introduced an Alternative Tax Payment System (ATPS) for making tax payments through Online Fund Transfer Facility, with the collaboration of specific banks, with effect from 08-04-2020….
Tax payments & Returns due dates and payment period codes for the month of July 2020 are as follows: Advance Personal Income Tax (APIT) for the month of June 2020 is due on July 15, 2020. Tax Type: 03 Period Code: 20060 WHT / AIT on Interest for the month of June 2020 is due…
Department of Inland Revenue has published Certificate of Income Tax Deductions prescribed under Section 87 of the Inland Revenue Act, No. 24 of 2017. Certificate of Income Tax Deductions - Primary Employment – (PAYE/T10(new)) Certificate of Income Tax Deductions - Secondary Employment – (PAYE/T10(new)/D)
The Excise Notification No. 994 published in the Gazette Extraordinary No. 1998/7 dated 20 December 2016 is hereby rescinded and amend the Excise Notification No. 992 published in the Gazette Extraordinary, No. 1997/16 dated 15.12.2016 by substitution of Schedule I of the Excise Notification No. 1004 with effect from 01 January 2018. Excise Notification No. 1004 – Annual…
Temporary VAT Registration issued for import or export, which gets expired prior to February 28, 2021 as per the certificate, has been extended till February 28, 2021. Download IRD Notice: PN/VAT/2020-15 | Dated: 31.12.2020