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…
IRD has informed that the Notice issued on 08 April, 2020 under the reference No. PN/TC/2020-03 is still valid and all Commercial Banks & Authorized Dealers Engaged in Outward Remittances and the Persons who make Outward Remittances are kindly requested to adhere to the procedure sets out in said notice. Download IRD Notice No. PN/TC/2020-04 (Revised) | Dated: 03…
Taking into account the prevailing situation in the country, IRD has revised the arrangements have been made to issue Tax Residency Certificates (TRC). Download IRD Notice No. PN/TC/2020-05 (Revised) | Dated: 03 November 2020
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
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
Taking into account of the prevailing situation in the country, all divisional secretaries and liquor license holders are informed to treat that the validity period of all tax clearance certificates relating to liquor licenses (which will be expired before December 31, 2020) issued by the Inland Revenue Department to the liquor license holders have been…
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…
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
Department of Inland Revenue has published TPDF and guide for the Y/A 2019/2020. Download Transfer Pricing Disclosure Form Download Guide to Transfer Pricing Disclosure Form
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…
Tax payments & Returns due dates and tax types & payment period codes for the month of October 2020 are as follows: OCTOBER 15TH Advance Personal Income Tax (APIT) for the month of September 2020 is due on October 15, 2020. Individual who has already given the consent to the employer (company) to deduct Advance Personal Income Tax (APIT)…
Taking into account the prevailing situation in the country, Customer Supporting & Promotion Unit of Inland Revenue Department (IRD) has made temporary arrangements to provide the services through e-Services, e-Mails and telephone calls. Download IRD Notice No. PN/TPS/2020-5 | Dated: 12 Oct 2020
Department of Inland Revenue has taken administrative arrangement to issue SVAT Credit Vouchers today (14th Wednesday) at ground floor of IRD Head Office and the same practice will continue for next Wednesday (21st) as well.
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