Tax defaults & Property seizures : Major warning from Income Tax
2024-10-07
The Inland Revenue Department (IRD) has warned large and medium-scale tax defaulters of consequences, such as property seizures and bankContinue Reading
Notice for taxpayers from IRD
2024-09-30
All taxpayers have been informed to settle their final income tax payments for the Year of Assessment 2023/2024, by todayContinue Reading
Income tax & RAMIS system: Report handed over
2024-07-25
The report from the Cabinet Sub-Committee appointed to investigate and recommend effective utilization of the Revenue Administration Management Information SystemContinue Reading
Income tax notice to 1000 companies on tax arrears
2024-03-11
Sri Lanka’s Inland Revenue Department (IRD) has issued notices to nearly 1000 companies requesting to settle their tax arrears amountingContinue Reading
High-wealth individuals : Notice from Income Tax
2024-03-09
Sri Lanka’s Inland Revenue Department has established a ‘High Wealth Individuals Unit’ (HWIU) to ensure tax compliance of high-wealth personsContinue Reading
MP Patali says impractical to prepare tax files for every citizen
2024-02-10
Leader of the United Republic Front MP Patali Champika Ranawaka has pointed out the impracticality of preparing tax files forContinue Reading
Cricketers exempted from Income Tax? Doctors seek clarification over Minister’s statement
2023-11-07
The Government Medical Officers Association (GMOA) has sought clarification on a recent statement of the Sports Minister claiming that theContinue Reading
Nearly 90,000 companies don’t pay taxes
2023-08-18
Nearly 90,0000 companies in Sri Lanka do not pay taxes, the Sectoral Oversight Committee on National Economic and Physical PlanningContinue Reading
2023 tax revenue: Update from Govt
2023-07-17
The Department of Inland Revenue has reported a significant increase in tax revenue for the first half of 2023. AccordingContinue Reading
Only 31,000 pay personal income tax: MP Aluthgamage
2023-07-12
Only 31,000 pay tax from a total of 500,000 personal income tax files in Sri Lanka, Chair of the SectoralContinue Reading
Income Tax : Update from Minister
2023-06-09
Individuals required to register new income tax accounts as per a recent Gazette notification will not be questioned on theirContinue Reading
Income Tax registration : Update from State Minister
2023-06-02
The requirement for individuals aged 18 years to register with the Department of Inland Revenue does not mean they willContinue Reading
Income Tax first quarter : Update from IRD
2023-04-25
A sum of over Rs. 316 billion in tax revenue has been collected by Sri Lanka’s Department of Inland RevenueContinue Reading
Income Tax : New directive from Finance State Minister
2023-03-01
State Minister of Finance Ranjith Siyambalapitiya has instructed the Commissioner General of the Department of Inland Revenue to take promptContinue Reading
Trade Unions, including GMOA protest against proposed tax amendments
2022-12-09
Several trade unions, including the Government Medical Officers Association (GMOA), have launched a silent protest near the Parliament of SriContinue Reading
Key Income Tax changes proposed : Summary by KPMG
2022-10-12
The Inland Revenue (Amendment) Bill amending the Law applicable to Income Tax was published in the Gazette issued on Tuesday,Continue Reading
Income Tax Alert : Amended gazette issued
2022-10-12
The Inland Revenue (Amendment) Bill has been gazetted to amend the Inland Revenue Act, No.24 of 2017. According to theContinue Reading