On 25 November 2021, the Inland Revenue Department (IRD) has issued a notice as per the paragraph (e) of Regulation 6 of the Extra Ordinary Gazette Number 2217/7 dated 02.03.2021, MNE Group whose total consolidated group revenue is not less than Euro 750 Million or its equivalent in Sri Lanka Rupees is required to file the CbCR notification (Form No: TP/CbCR/01) on or before 31st December 2021, for the Fiscal Year begins on or after 01 January 2021.

CbCR notification (Form No: TP/CbCR/01) must be submitted:

  1. By e-mail to: itp@ird.gov.lk; or
  2. By Post to: The Commissioner, Secretariat Branch, Department of Inland Revenue, Chittampalam A Gardiner Mawatha, Colombo 02.

It is also noted that the ultimate parent or its surrogate parent may furnish along with this Notification the list of its constituent entities of the MNE group, instead of each constituent entity furnishing the Notification.