All Articles

FILTER:   |   All   |   General   |   Latest tax updates   |

Prev | 1 | 2 | 3 | Next

Special attention to the companies having undistributed dividend income

As per the transitional provisions published on 01st April 2018,In case of any dividend paid by any company prior to April 01, 2019, out of any such dividend received by that company from...
Read More

Annual Company Registration Levy

The levy shall be paid by every company incorporated / registered under Companies Act No. 07 of 2007 for the year from 01.01.2016 to 31.12.2016.Category of CompanyRate (Rs. Per Annum)Private Company30,000Listed Public Company1,500,000Any...
Read More

Proposed amendments to Inland Revenue Act

Minister of Finance Mangala Samaraweera has taken to his official Twitter account regarding Cabinet approval to the tax concessions made by several amendments to the Inland Revenue Act 24 of 2017.Interest obtained...
Read More

Carbon tax imposed on vehicles -w.e.f 01.01.2019

With effect from 01st January 2019, a Carbon Tax should be paid by the registered owner of every motor vehicle other than electric vehicles. This tax is based on the fuel consumption of vehicles and rates will...
Read More

Proposed tax incentives as published by MOF -23.11.2018

His Excellency the President and the Minister of Finance and Economic Affairs are in complete agreement that highest priority should be given to agricultural development and accordingly the government is...
Read More

30th November

RETURN OF INCOME FOR THE YEAR OF ASSESSMENT 2017/18As per the provisions of Inland Revenue Act No. 10 of 2006, every person who is chargeable with income tax shall furnish a return of income for any year of assessment on or before the thirtieth...
Read More

Effective tax rate of Finance industry upon introducing Debt Repayment Levy

Effective tax rate of Finance industry will go up to 56.27%(from 50.30%) upon introducing Debt Repayment Levy (DRL).As per the Finance Act No.35 of 2018, Debt Repayment Levy(DRL) will...
Read More

Changes in Taxes as per the Finance Act, No. 35 of 2018

Tourism Development Levy (TDL)- w.e.f. 01.01.2019,Institutions licensed under the Tourist Development Act, No. 14 of 1968 and institutions licensed under the Tourism Act, No. 38 of 2005 are liable to...
Read More

Tax & policy changes in Sri Lanka (01.11.2018)

.Special Commodity Levy will be reduced onDhal by Rs.5 per Kg,Chickpeas by Rs. 5 per Kg, Black gram by Rs.25 per Kg.Customs Duty will also be waived  on Wheat grain to Rs. 9 per Kg from the existing waiver of...
Read More
Prev | 1 | 2 | 3 | Next
"TAX ALERT" To Register Type "REG TAX" send to 77000 through Dialog | Mobitel | Hutch | Airtel