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15 lis 2021 · The Inland Revenue Act provides the legal authority to charge, levy and collect income tax on the gains and profits of every person, which arose or is arising to such person for every year of assessment commencing after 1 st of April, 2018.
- Nation Building Tax
Nation Building Tax. Nation Building Tax was charged prior...
- Stamp Duty
History of Inland Revenue; Type of Taxes. Income Tax (IT)...
- Capital Gain Tax
The Inland Revenue Act No.24 of 2017, taking effect from...
- Economic Service Charge
ESC paid in advance and self payment for the period...
- Value Added Tax
On Exports of goods or services, supply of services by a...
- Tourist VAT Refund Scheme
The ‘Tourist VAT Refund Scheme’ (TVRS) is implemented with...
- Employer Responsibilities
Reimbursement (by the employer) of income tax already...
- Betting and Gaming Levy
Betting and Gaming Levy Persons liable fo r the Levy. The...
- Nation Building Tax
4 sty 2022 · Tax Chart. Year of Assessment 2022/2023. Income tax payable for the above year of assessment shall be computed separately for two periods of the year of assessment; In case of Individual: First period – First nine months (period from 01.04.2022 to 31.12.2022)
Inland Revenue Department
6 lis 2023 · Individual income tax rates in Sri Lanka range from 4% to 24%, with different tax brackets depending on annual taxable income. Certain taxpayers may be eligible for concessionary tax rates based on factors such as their sector of investment or earnings below a specific threshold.
Taxation by country. Taxation in Sri Lanka mainly includes excise duties, value added tax, income tax and tariffs. [1] Tax revenue is a primary constituent of the government's fiscal policy. The Government of Sri Lanka imposes taxes mainly of two types in the forms of direct taxes and indirect taxes. As of 2018 CBSL report, taxes are the most ...
The Inland Revenue (Amendment) Bill amending the Law applicable on Income Tax was published in the Gazette issued on 11 October 2022. This tax alert provides a snapshot of key Income Tax changes proposed in the Bill.
The concessionary rate of 14% and 18% applicable on identified gains and profits is increased to 30% w.e.f. 1st October 2022. The increase in income tax rate to 30% in mid year would result in two tax rates being applicable for the Year of Assessment 2022/23.
