Tag: Tax Calculation

October 10, 2020

The Complete Guide to Advance Personal Income Tax

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

September 20, 2020

Everything you need to know about Income Tax in Sri Lanka

We all need to pay taxes. But, when do we start? If this is the first time youโ€™re paying taxes, or if youโ€™re unsure about the process, weโ€™ve compiled a step by step article. Thereโ€™s no need to worry. Weโ€™ll guide you through the process. Taxes come in many forms. Income tax is where you have to submit a portion of your salary to the Government on a yearly basis. Paying your taxes is considered a civic duty, and failure in complying would result in either a fine or even result in serving jail time.

August 10, 2020

Statement of Estimated Income Tax Payable – Income Tax Calculation

The article covers the following: What is a Statement of Estimated Income Tax Payable or SET? How do you estimate your payable tax amount? Who