Tag: Tax

August 22, 2024

A guide to Simplified Value Added Tax (SVAT)

Updated 2024 Let’s face it, Sri Lanka’s VAT and SVAT regulations aren’t the easiest to understand.  Most folks have advisors or accountants to help them
August 13, 2024

Understanding the new Social Security Contribution Levy (SSCL) in Sri Lanka

Updated 2024 A new tax was proposed in the Budget 2022 – The Social Security Contribution Levy(SSCL). Following this, a bill regulating the levy was
August 12, 2024

Statement of Estimated Income Tax Payable – Income Tax Calculation

Updated 2024 The article covers the following: If it’s time for you to submit your ‘Statement of Estimated Income Tax Payable’ or ‘SET’ again and
July 09, 2024

Capital Gains Tax in Sri Lanka: How to Calculate, Pay and More

Updated 2024 Capital Gains Tax (CGT) in Sri Lanka is a fancy term the Inland Revenue Department (IRD) uses to describe the tax they charge
July 09, 2024

Everything You Need to Know About Stamp Duty Sri Lanka

Updated 2024 Stamp Duty in Sri Lanka is one of those government payments which you aren’t made explicitly aware of, but are required to pay
July 01, 2024

Guide to Lump Sum Tax in Sri Lanka

Updated 2024 As tax regulations and rates have been changing a lot recently, we thought we’d give you a breakdown of yet another important tax
July 01, 2024

How to get your Tax Identification Number in Sri Lanka

Updated 2024 You have your business idea, your company is registered, and now, you’re trying to figure out how to get a Tax Identification Number
June 26, 2024

Statement of Estimated Income Tax – FAQs + Guide

Updated 2024 If it’s time for you to submit your ‘Statement of Estimated Income Tax Payable’ or ‘SET’ again and you’re still struggling to understand
June 21, 2024

What is VAT Sri Lanka? Here’s everything you need to know

One of the major considerations when doing business here in Sri Lanka is how to deal with taxes – especially Value Added Tax (VAT). Here’s a guide that explains how to make sure you get it right with your business.
June 17, 2024

The Complete Guide to Advance Personal Income Tax (APIT)

Updated 2024 The Sri Lankan government replaced the previously applied Pay As You Earn (PAYE) tax with a revised tax policy known as the Advance