Rebuilding Sri Lanka Fund – Donations Qualify for Tax Deduction
Sri Lanka has officially launched the “Rebuilding Sri Lanka” Fund to support rebuilding efforts and help communities affected by recent disasters including floods and landslides. Individuals and businesses can now contribute to this national recovery initiative through the official government donation portal: www.donate.gov.lk
Legal Basis for Tax Deduction
Under the Inland Revenue Act No.24 of 2017 , donations made by individuals or entities to a fund established by the Government of Sri Lanka qualify as Qualifying Payments and can be deducted when ascertaining taxable income.
The law specifically allows a deduction for:
“a donation made in money or otherwise to a fund established by the Government of Sri Lanka.”
Therefore, donations made to the Rebuilding Sri Lanka Fund, being a government-established fund, fall within this category and can be deducted when computing the tax liability of the donor.
Who Can Donate
✔ Individuals
✔ Companies
✔ Expats
✔ NGOs
✔ Overseas donors
Both money and goods are considered qualifying donations.
How to Donate
Visit the official government donation page:
Through this platform you can:
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donate money online via card payments,
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make bank transfers (including foreign currency transfers),
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donate goods based on currently required essential items.
The website also provides bank details and approved methods for both local and international donors.
Type of Donations Accepted
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Cash contributions
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Essential goods
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Equipment
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Other relief-related items
All contributions are coordinated through government mechanisms to directly support affected communities.
Why This Is Important
Apart from the humanitarian value of helping Sri Lankan families rebuild their lives, this is one of the few opportunities where individuals and businesses can support national recovery while also benefiting from a specific tax deduction provided under the Inland Revenue Act.
Conclusion
If you are looking to support disaster-affected Sri Lankan families and communities, and at the same time make a legally deductible payment for income tax purposes, donating to the Rebuilding Sri Lanka Fund is a fully valid option under the current tax law.
To donate, please visit:
www.donate.gov.lk
