Sri Lanka’s Inland Revenue Department has reminded bookmakers and gaming businesses to make their monthly gross collection levy payment on time. Penalties apply for late or non-payment following the recent levy rate change.
Sri Lanka’s Inland Revenue Department (IRD) has issued a reminder to taxpayers carrying on the business of bookmakers and gaming to make the Levy payment on the gross collection for January 2026 on or before 7 February 2026.
Under the current rules, a levy at the rate of 18% on the gross collection of a bookmaker or gaming business is payable monthly where the gross collection exceeds LKR 1 million per month. The rate was increased from 15% to 18% effective 1 January 2026.
Payments must be made at any branch of the Bank of Ceylon. The department clarified that bank draft or pay order payments realized after the due date will be considered late.
Penalties for non-payment or late payment will not be waived or reduced.
