Advance Income Tax on Deposits: What you need to know for 2025
2025-04-01
The Inland Revenue Department has announced that from April 1, 2025, banks and financial institutions must deduct a 10% AdvanceContinue Reading
Uncollected tax revenue : New directive from President
2025-03-06
President Anura Kumara Dissanayake has instructed officials to take necessary measures to ensure the full tax revenue owed to theContinue Reading
Betting & Gaming Businesses : Notice from IRD
2025-03-03
The Inland Revenue Department (IRD) has announced that the levy on the gross collection of betting and gaming businesses forContinue Reading
Highest-ever tax revenue recorded in 2024
2025-01-03
The highest ever tax revenue in Sri Lanka’s history was recorded in 2024, collecting Rs.1.95 trillion, the Inland Revenue DepartmentContinue Reading
Income Tax : Notice for Tax payers
2024-12-12
The Inland Revenue Department (IRD) has urged the public to settle their tax payments, withheld in the month of NovemberContinue Reading
Income Tax : Notice from Inland Revenue Dept
2024-12-04
The deadline for submitting income tax returns for the 2023/2024 assessment year has been extended until 07 December 2024. Initially,Continue Reading
Income tax returns deadline : Special notice from IRD
2024-11-30
The deadline for submitting income tax returns for the assessment year 2023/2024 ends today (30 Nov). The Inland Revenue DepartmentContinue Reading
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 : Notice from IRD to public
2024-09-03
Sri Lanka’s Inland Revenue Department (IRD) has warned the public of a financial scam by individuals posing as IRD officialsContinue Reading
IRD issues notice to freeze bank accounts of 900 tax defaulters
2024-08-25
The Inland Revenue Department has issued around 900 notices to freeze the bank accounts of tax defaulters to recover outstandingContinue Reading
Lanka’s richest 100 : New move from IRD
2024-03-18
Sri Lanka’s Inland Revenue Department (IRD) is planning to identify a group of 100 taxpayers with the highest reported incomeContinue Reading
TIN number mandatory for over 18s : How to get it?
2024-01-02
Sri Lanka’s Inland Revenue Department has issued a reminder on the necessary tax-related requirements coming into effect from January 01,Continue Reading
Rs. 50,000 fine if you don’t file annual income report on time
2023-11-29
Sri Lanka’s Inland Revenue Department says the annual income report for the assessment year 2022/2023 should be submitted to theContinue Reading
IRD introduces income tax reimbursement for senior citizens
2023-10-25
Sri Lanka’s Inland Revenue Department (lRD) has announced a significant financial relief initiative for senior citizens aged 60 and above. Continue Reading
United Federation of Labour challenges Inland Revenue Amendment Bill
2023-08-28
The President of the United Federation of Labour Swasthika Arulingam has filed a Special Determination Action on behalf of herContinue Reading
Inland Revenue Dept. to take over RAMIS system from Singapore firm
2023-07-28
The plan to take over the existing RAMIS system by the Inland Revenue Department from the Singapore company in chargeContinue 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