Tag: Tax

January 04, 2024

TIN Registration In Sri Lanka: What You Need To Know About The 2024 Update

Sri Lanka’s tax system has been updated with a new requirement for everyone aged 18 years or more. The Inland Revenue Department of Sri Lanka
November 19, 2023

Budget 2024: Summary of Tax Provisions

As Sri Lanka’s fiscal year 2023/2024 unfolds, it’s crucial for taxpayers, businesses, and professionals to stay informed about the latest tax regulations and financial implications. 
February 22, 2023

Guide to Lump Sum Tax in Sri Lanka

As tax regulations and rates have been changing a lot recently, we thought we’d give you a breakdown of yet another important tax in Sri
January 30, 2023

Everything You Need to Know About Stamp Duty Sri Lanka

Stamp Duty in Sri Lanka is one of those government payments which you aren’t made explicitly aware of, but are required to pay on a
December 24, 2022

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

Capital Gains Tax (CGT) in Sri Lanka is a fancy term the Inland Revenue Department (IRD) uses to describe the tax they charge you whenever
May 26, 2022

How to get your Tax Identification Number in Sri Lanka

You have your business idea, your company is registered, and now, you’re trying to figure out how to get a Tax Identification Number in Sri
July 04, 2021

Statement of Estimated Income Tax – FAQs + Guide

In this blog, we’ve answered some of the most common questions you would have had while preparing your Statement of Estimated Income Tax form (SET
January 09, 2021

What is VAT? 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.
December 31, 2020

A guide to PAYE Tax including PAYE Tax tables and how to calculate PAYE Tax in Sri Lanka

The Pay As You Earn the Sri Lankan government removed (PAYE) tax in November 2019. However, this has been reintroduced as ‘Advance Personal Income Tax
December 24, 2020

Everything you need to know about Nation Building Tax (NBT) in Sri Lanka

The Sri Lankan government removed the ‘Nation Building Tax’ with effect from December 01, 2019. You can find more details through the Notice to the