Budget Seminar 2020 EY Sri Lanka – FREE
Join EY’s 20th Post Budget Conference 2020 LIVE on Microsoft TEAMS. To receive the event invite send your joining instructions here: https://cvent.me/7kWk94 FREE ENTRANCE / REGISTRATION
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New SSCL Amendments: Key Changes from Act No. 24 of 2025
The Inland Revenue Department (IRD) has issued a formal notice, SEC/PN/SSCL/2026-01, dated January 16, 2026, highlighting critical changes to the Social Security Contribution Levy (SSCL) framework. These changes stem from the Social Security Contribution Levy (Amendment) Act, No. 24 of 2025, which was officially certified on December 17, 2025. The amendment focuses on expanding exemptions…
New Application Forms
Department of Inland Revenue has published following application forms. Application Form for Confirmation of VAT Liability Application Form for Tax Clearance on Other Purpose
Embarkation Levy – Gazette No. 2116/62
With effective from 01 April 2019, Government has increased Embarkation Levy by USD 10 and new levy as follows; Person leaving Sri Lanka by aircraft – USD 60.00 Person leaving Sri Lanka by ship – USD 60.00 Download Embarkation Levy Gazette
Excise (Amendment) Act, No. 4 of 2018
The Excise (Amendment) Act, No. 4 of 2018 shall come into operation with effective on April 1, 2018. Excise (Amendment) Act, No. 4 of 2018 – Download English Excise (Amendment) Act, No. 4 of 2018 – Download Sinhala Section 15 of the Excise Ordinance (Chapter 52) is hereby amended by the repeal of paragraphs (b) and…
Tax Payments & Returns due dates – January 2021
Tax payments & Returns due dates and tax types & payment period codes for the month of January 2021 are as follows: JANUARY 15TH Advance Personal Income Tax (APIT) for the month of December 2020 is due on January 15, 2021 – Individual who has already given the consent to the employer (company) to deduct Advance Personal Income Tax…
Special Commodity Levy on Mackerel, Peas, Seeds etc
Special Commodity Levy has been imposed on Mackerel, Peas, Seeds etc and shall be valid for a period of 06 months commencing from March 08, 2018. Download – English Download – Sinhala
IRD Notice on Implementation of Amendments to Social Security Contribution Levy
This is an IRD Notice about amendments to the Social Security Contribution Levy Act. It discusses new exemptions and an amendment to an existing exemption. New exemptions include motor vehicles liable to Excise Duty, equipment used by differently abled persons, importation of rough unprocessed gem stones, articles sold at duty free shops, and rice manufactured…
Stamp Duty Return
Department of Inland Revenue has published a sample format of Stamp Duty Return. Download Stamp Duty Return
Cabinet announces several tax reliefs
The Cabinet has given its approval to remove the Nation Building Tax (NBT), Pay As You Earn (PAYE) Tax and Withholding Tax on interests, the Co-Cabinet Spokesperson Ministers Bandula Gunawardana said today.He mentioned this during the first press briefing to announce the decisions of the new government’s Cabinet of Ministers. It took place at the…
Sutherland v Commissioner of Income Tax (CTC Volume I)
Case Overview 1. The Facts (The Story) Mr. R.W. Sutherland was the Managing Director of the Colombo Apothecaries Company Limited. 2. The Dispute The core disagreement was about how to classify this Rs. 15,750. 3. The Judgment (Held) The Court ruled in favor of Mrs. Sutherland. The payment was NOT taxable. Reasons for the Decision:…
Tax Payments & Returns due dates – November 2020
Tax payments & Returns due dates and tax types & payment period codes for the month of November 2020 are as follows: NOVEMBER 15TH Corporate Income Tax (CIT) 2nd Instalment for the Y/A 2020/2021 is due on November 13, 2020 (Since November 14th & 15th fall on holidays) Tax Type: 02 Period Code: 20212 Individual Income…
Important Notice for VAT Registered Persons: Steps to Reclaim Credit Vouchers
The Inland Revenue Department (IRD) of Sri Lanka has issued a critical notice for VAT registered persons who have faced difficulties in obtaining Credit Vouchers for the clearance of deferred VAT at Customs. This issue has primarily arisen due to the issuance of Estimated Assessments on Value Added Tax (VAT) Returns. To address this, the…
Economic Service Charge (Amendment) Act, No. 33 of 2018
Economic Service Charge (Amendment) Bill was certified on 04th of October, 2018 and now available the new Economic Service Charge (Amendment) Act, No. 33 of 2018. Summary: Valuation basis of import of vehicles Prior to the Amendment Act, the import of motor vehicles was liable to ESC on the CIF value of the consignment. The…