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
See 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
See 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
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Slovak 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
See 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
See 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
See MoreSri Lanka: IRD reminds bookmakers to pay increased levy on January collections
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
See MoreSri Lanka: IRD announces AIT, WHT, APIT December 2025 deadlines
Sri Lankan Inland Revenue Department (IRD) has reminded taxpayers to pay Advance Income Tax (AIT), Withholding Tax (WHT) and Advance Personal Income Tax (APIT) withheld during December 2025 no later than 15 January 2026. Tax Types and Payment
See MoreSri Lanka: IRD revises betting and gaming levies from January 2026
The Inland Revenue Department (IRD) of Sri Lanka has announced updated levies for betting and gaming businesses following amendments to the Betting & Gaming Levy Act, No. 40 of 1988, under the Betting and Gaming Levy (Amendment) Act No. 25 of
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Sri Lanka: IRD postpones adoption of new VAT invoice format
The Inland Revenue Department (IRD) has announced, on 12 December 2025, that the effective date for the new VAT Tax Invoice format has been postponed. Following requests from numerous VAT registered persons, the Commissioner General of Inland
See MoreSri Lanka: Inland Revenue Department issues reminder for November AIT, WHT, APIT payments
Sri Lanka’s Inland Revenue Department issued a notice on 10 December 2025 for taxpayers to settle Advance Income Tax (AIT), Withholding Tax (WHT) and Advance Personal Income Tax (APIT) withheld in November 2025 by 15 December 2025. Taxpayers
See MoreSri Lanka: IRD further extends income tax deadline due to cyclone Ditwah
Sri Lanka’s Inland Revenue Department (IRD) has further extended the deadline for submitting Income Tax Returns for the 2024/2025 assessment year to 31 December 2025. The extension follows widespread disruption caused by Cyclone Ditwah, which made
See MoreSri Lanka: Cabinet approves signing of amending protocol to tax treaty with Luxembourg
The Sri Lankan Cabinet approved the signing of an amending protocol to the 2013 income and capital tax treaty with Luxembourg on 24 November 2025. The new agreement aims to align with the latest international standards and implement
See MoreSri Lanka continues Committee Stage Debate on 2026 Budget
Sri Lanka’s Parliament progressed through the Committee Stage Debate of the 2026 Budget this week, with the 10th and 11th days of the 17-day proceedings addressing several key ministry allocations under the Appropriation Bill. On 26 November
See MoreSri Lanka: IRD reminds taxpayers of VAT deadlines
Sri Lanka’s Inland Revenue Department (IRD) issued a notice on 17 November 2025, reminding taxpayers to meet their VAT obligations for October 2025 by the prescribed deadlines. VAT payment deadline VAT payments for October must be made on
See MoreSri Lanka: MoF unveils 2026 budget, proposes lower VAT and capital allowance thresholds
Sri Lanka’s Minister of Finance, Planning, and Economic Development presented the Budget Speech for 2026 on 7 November 2025, outlining significant tax policy changes—including the alignment of VAT and social security contribution levies across
See MoreSri Lanka: IRD announces upcoming tax CIT, PIT, IIT deadlines
The Sri Lankan Inland Revenue Department (IRD) has released a "NOTICE TO TAXPAYERS", issuing a gentle reminder to all taxpayers that crucial deadlines for submitting the income tax return and remitting income tax payment and withholding tax payments
See MoreSri Lanka: IRD urges taxpayers to urgently updating information
Non-compliance may result in a fine of up to LKR 50,000 under Section 177 of the Inland Revenue Act No. 24 of 2017. The Sri Lankan Inland Revenue Department (IRD) has issued an urgent Notice to Taxpayers, urging all citizens to update their
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