Sri Lanka’s Inland Revenue Department has reminded taxpayers to settle VAT on Financial Services for the August 2026 payment period, with payments due by 20 September 2026.
Sri Lanka’s Inland Revenue Department (IRD) issued a payment reminder for VAT on Financial Services (VAT on FS) for the August 2026 payment period.
The tax carries Tax Type Code 75, while the applicable Payment Period Code is 26080. Taxpayers were required to settle the liabilities on or before 20 September 2026.
Payment options
The Inland Revenue Department encouraged taxpayers to make payments electronically through the Online Tax Payment Platform (OTPP) available via its website.
Taxpayers could also make payments over the counter at any branch of the Bank of Ceylon.
Late payment penalties
The notice stated that penalties would apply where the VAT liability was not paid by the due date.
It also clarified that payments made through cheques, bank drafts or pay orders would be treated as late payments if the instruments were realised after 20 September 2026.
