2021

  • July 19th 2021 - The Department of Government Printing has uploaded Gazette Extraordinary No. 2217/7 dated 2nd March 2021 issued under the Inland Revenue Act No. 24 of 2017 (the Act), which would be effective from 1 April 2020. 
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  • May 13th 2021 -The Inland Revenue (Amendment) Act No. 10 of 2021 was passed in Parliament and certified by the Speaker on 13th May 2021. Below document is a synopsis of the key changes proposed via the Amendment Act, compared to the Bill published previously.
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  • May 13th 2021 - The Value Added Tax (Amendment) Act No. 9 of 2021 was passed in Parliament and certified by the Speaker on 13th May 2021. Below document is a synopsis of the key changes proposed via the Amendment Act compared to the Bill published previously.
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  • April 9th 2021 - The Bill to amend the Inland Revenue Act No. 24 of 2017 has been published. 
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  • April 9th 2021 - The Bill to amend the Value Added Tax Act No. 14 of 2002 has been published.
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  • January 13th 2021 - The Department of Inland Revenue (“DIR”) has issued the attached notice indicating the proposed amendments to the Inland Revenue Act No. 24 of 2017 (“IR Act”) to be implemented by them post formal amendments to the IR Act.
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2020

  • December 23rd 2020 - The Department of Inland Revenue (“DIR”) has informed all tax payers that due to the prevailing situation in the country consequent to the outbreak of COVID-19, a further extension has been granted until 31st January 2021 for filing the Annual Statement of Employer (PAYE Tax) and Annual Statement of Withholding Tax for the Year of Assessment 2019/2020.
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  • November 3rd 2020 - The Department of Inland Revenue (“DIR”) has informed all tax payers that due to the prevailing situation in the country consequent to the outbreak of COVID-19, an extension has been granted until 28th February 2021 for filing the Return of Income for the Year of Assessment 2019/2020.
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  • August 11th 2020 - The Department of Inland Revenue (“DIR”) has published a notice stating that with effect from 1st April 2020, it is mandatory for employers to deduct tax under the Advance Personal Income Tax (“APIT”) Scheme, on payment of remuneration to employees who are resident non-citizens of Sri Lanka. Such tax deducted has to be remitted to the DIR by 15th August 2020. Previously, APIT was compulsory for non-resident employees only.
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  • June 26th 2020 - An update on the decisions taken by the Cabinet of Ministers on the 24th of June 2020 for granting tax relief to Small and Medium Scale Entrepreneurs who have been adversely impacted due to COVID-19.
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  • May 18th 2020 - An update on the recent notices issued by the Department of Inland Revenue in relation to an extension granted for submission of the Statement of Estimated Tax Payable for the year of assessment 2019/2020, extension for remittance of taxes withheld on terminal benefits, instructions for collection of credit voucher books by Registered Identified Purchasers (“RIPs”) under the SVAT Scheme and further guidelines for making online tax payments.
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  • May 5th 2020 - An update on the recent notices issued by the Department of Inland Revenue providing instructions to be followed by taxpayers in computing income tax payable and making tax payments for the year of assessment 2019/2020.
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  • April 30th 2020 - An update on the recent notice issued by the Department of Inland Revenue granting a further extension of the validity periods for VAT deferment facility related letters and Temporary VAT registration, and the updated notice issued in relation to online tax payments.
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  • April 27th 2020 - An update on the revised notice issued by the Department of Inland Revenue in relation to deduction of tax on cumulative income earned from employment by employees for the period 1st January 2020 to 31st March 2020, under the PAYE Scheme. 
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  • April 22nd 2020 - An update on the notice issued by the Department of Inland Revenue, in relation to extension of deadlines for submission of tax returns/ statements/ forms.
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  • April 22nd 2020 - An update on the notice and tax tables issued by the Department of Inland Revenue, in relation to deduction of Advance Personal Income Tax from remuneration paid to employees.
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  • April 20th 2020 - An update on the notice issued by the Department of Inland Revenue informing the extension of deadline for making appeals to the Tax Appeals Commission and providing directions to taxpayers for lodging such appeals via email.
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