On 3 July 2020, the Sri Lankan Inland Revenue Department has issued a notice on the further extension of following return/statement submission deadlines up to 31 December 2020 in line with the approval of “Tax Relief Measures to Facilitate Post COVID-19 Economic Recovery” granted by the Cabinet of Ministers on 24 June 2020:
- Annual Declaration of Employer (PAYE Tax Return) – Year of Assessment (Y/A) 2019/2020.
- Annual Statement of Withholding Tax (WHT) – Y/A 2019/2020.
- Economic Service Charge (ESC) Return – Y/A 2019/2020.
- Compounded Stamp Duty Return for the quarter ending 31 March 2020.
- Betting & Gaming Levy return for the quarter ending 31 March 2020.
- Value Added Tax on Financial Services (VAT on FS) Return for the Year of Assessment 2019/2020 (financial institutions which submit returns on accounting year basis).
- Value Added Tax on Financial Services (VAT on FS) Interim Estimate for last six months of the Year of Assessment 2019/2020 (financial institutions which submit returns on year of assessment basis).
- Value Added Tax (VAT) returns for the months of February, March, April, May and quarter ending 31 March 2020.
- Debt Repayment Levy Return for the Year of Assessment 2019/2020 (financial institutions which submit returns on accounting year basis).
Accordingly, if any of above returns/statements is submitted on or before 31 December 2020 such return/statement will be treated as submitted on the due date.
