Taxes imposed on Gem & Jewellery industry removed
President Gotabaya Rajapaksa yesterday (07.09.2020) directed relevant officials to remove the15% import tax and 14% income tax on gold for the Gem & Jewellery industry....
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President Gotabaya Rajapaksa yesterday (07.09.2020) directed relevant officials to remove the15% import tax and 14% income tax on gold for the Gem & Jewellery industry....
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In terms of Sections 90 and 91 of the Inland Revenue Act, No. 24 of 2017 (IR Act) , a person who is an instalment payer shall pay income tax based on the estimated...
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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...
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As per the Cabinet decisions taken on 03rd June 2020,it was announced to waive off the penalties on all unpaid income tax due to the Covid-19 epidemic. Accordingly...
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PAYE system which was available under Inland Revnue Act No.24 of 2017 continued only up to 31st December 2019.Changes to PAYE system from w.e.f 27th November 2019...
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WHT on service fees payable to any resident Individuals which was levied at 5% on amounts exceeding LKR 50,000 has been removed with effect from January 01, 2020....
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NBT has been abolished with effect from December 01, 2019. NBT has been abolished with effect from December 01, 2019. Interest income up to LKR 250,000 per month...
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It is informed you that you need to comply with below payment period codes for the VAT payment due on 20th December 2019. Manufacturing of goods -19420 Other supplies...
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As per the Gazzette Notification issued by Minister of Finance on 29th November 2019 ,VAT rates applicable in Sri Lanka are as follows. 1.On the supply of aservices...
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For each garment other than panties, socks, briefs and boxer shorts identified under the Harmonized Commodity Description and Coding System Numbers for custom purposes...
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Excise Duty on Cigarettes (67 mm to 72 mm in length) has been reduced from Rs. 37.60 to Rs. 33 per Cigarette w.e.f.15.10.2019
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As you are aware final tax payment for the Y/A 2018/2019 is due on 30th September 2019. Accordingly all tax liable persons should make their final income tax payment...
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As per the Extra Ordinary Gazzette Notification No.2134/5 dated 29th July 2019, the Embarkation Levy has been reduced by US $ 10 compared to the previous charges....
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In terms of Sections 90, 91 and 92 of the IR Act, every person who is liable to pay income tax, is required to submit a SET Form for the year of assessment 2019/2020...
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Tourist VAR Refund Scheme -Sri Lanka Shop at the store displaying It is required to have a minimum of LKR.50,000(Exclusive of VAT)worth of VAT liable purchases Consisting...
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Notice to Hotel, Guest House, Restaurant Business and Inbound Tour Operators Registered with Sri Lanka Tourism Development Authority
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Minister of Finance Mangala Samaraweera has taken to his official Twitter account today (07.05.2019 regarding tax concessions to strengthen the Tourism sector affected...
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Shoping Sri Lanka Shop at the store displaying Conditions of TVRSYou are required to have a minimum of LKR.50,000 worth of VAT liable purchases (Exclusive of VAT)...
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As per the transitional provisions published on 01st April 2018,In case of any dividend paid by any company prior to April 01, 2019, out of any such dividend received...
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The levy shall be paid by every company incorporated / registered under Companies Act No. 07 of 2007 for the year from 01.01.2016 to 31.12.2016.Category of CompanyRate...
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