On 12 August 2020, Inland Revenue Department (IRD) issued a tax notice related to first installment of tax payment for the year of assessment (YA) 2020-21, required to be paid by individuals, partnerships, companies, which is due on 15 August 2020. Tax Payments can be made to any branch of the Bank of Ceylon or online.
Related Posts
Sri Lanka: IRD postpones implementation of VAT on non-resident e-services
Sri Lankan Inland Revenue Department has issued SEC/PN/VAT/2026-02 on 31 March 2026, notifying taxpayers of a further delay in the implementation of Value Added Tax (VAT) on services supplied through electronic platforms by non-resident service
Read MoreSri Lanka introduces new tax invoice format under VAT reform
Sri Lanka has rolled out a new standardised format for tax invoices as part of its ongoing Value Added Tax (VAT) modernisation efforts, with the changes now set to take effect from 1 April 2026. The new invoice requirements were officially
Read MoreSri Lanka: IRD mandates employee TINs in APIT annual statements
Sri Lankan Inland Revenue Department (IRD) has announced that, starting from the Year of Assessment 2025/2026, all employers registered under the Advance Personal Income Tax (APIT) scheme must include each employee’s Taxpayer Identification Number
Read MoreSlovak Republic consults new tax treaty with Sri Lanka
The Slovak Republic has initiated public consultation for a proposed income tax treaty with Sri Lanka, with the deadline for feedback set at 31 March 2026. Once signed and ratified, this new agreement will replace the 1978 tax treaty between Sri
Read MoreSri Lanka amends Inland Revenue raising capital gains tax, tightens compliance rules
Sri Lanka’s government has issued a Bill amending the Inland Revenue Act on 20 February 2026, marking substantive tax changes and compliance reforms. Published in the gazette on 24 February 2026, it introduces capital gains tax rate revisions and
Read MoreSri Lanka: MOF introduces tax incentives for strategic development projects
Sri Lanka’s Ministry of Finance issued a Regulation under the Strategic Development Projects Act, No. 14 of 2008, published in Gazette No. 2474/66 on 8 February 2026, setting out the conditions for designating a project as a Strategic Development
Read More