The Bilateral Agreement for Prevention of Fiscal Evasion entered into on 06.10.2016, between the Government of Sri Lanka and the Government of Finland is now published by government. Download – English Download – Sinhala Download – Tamil
The government has published the Surcharge Tax Act No. 14 of 2022. The Surcharge Tax Act No. 14 of 2022 was certified on 08 April 2022 by the Hon. Speaker. Download Surcharge Tax Act No. 14 of 2022 – English | Sinhala
Department of Inland Revenue has published a circular to Banks / Financial Institutions – Withholding Tax on Interest paid by Banks or other Financial Institutions Download Circular No. SEC/2019/04 [27 December 2019]
Department of Inland Revenue has published a paper notice (PN/Tax Returns/2020-03) by in lining with the approval for “Tax Relief Measures to Facilitate Post COVID-19 Economic Recovery” granted by the Cabinet of Ministers on June 24, 2020, date of submission of following Tax Returns/statements has been further extended up to December 31, 2020. Annual Declaration…
By Lanka Tax Club Editorial Team The Inland Revenue Department (IRD) has issued a significant notice regarding the Betting and Gaming industry, announcing immediate changes to levies effective from January 01, 2026. Following the amendments made to the Betting & Gaming Levy Act, No. 40 of 1988 by the Betting and Gaming Levy (Amendment) Act…
Implementation of Changes to Value Added Tax (VAT) as passed in Parliament on 23rd October 2019 IRD Notice on recent VAT Amendment
Notice published by the Ministry of Finance on 06 August 2019 Although the Central Bank has reduced the rates for deposits maintained in commercial banks, the special interest rate of 15% offered by the Government for senior citizens have not been changed. There is no truth in the media reports published by different media saying…
As approved by the Cabinet of Ministers and instructed by the Ministry of Finance on December 31, 2019, pending formal amendment to the Inland Revenue Act No. 24 of 2017, WHT on service fee payable to any Resident Individual {whose payment made by any WHT Agent exceeding Rs. 50,000/- per month and deducted at 5%…
Department of Inland Revenue has published Annual Statement of Employer (PAYE Return) for the Y/A 2019/2020. Download Annual Statement of Employer 2019/2020 Schedule 01 – For Remuneration Other than and Once- and –for – all payments Schedule 02- For Ones- and-for-all Payments Instructions to Complete the Annual Statement of Employer and Schedules
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…
Circular to Commercial Banks and Specialized Banks – Furnishing of Tax Clearance Certificate to Banks Circular No. SEC/2017/05 [16 November 2017]
Tax payments & Returns due dates and tax types & payment period codes for the month of July 2021 are as follows: JULY 15TH Advance Personal Income Tax (APIT) for the month of June 2021 is due on July 15, 2021. Individual who has already given the consent to the employer (company) to deduct Advance Personal Income Tax (APIT)…