Tag: Tax

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
October 25, 2020

Withholding Tax Sri Lanka? Here’s Everything You Need to Know

The Withholding tax was introduced in Sri Lanka as a tax charge on interest payments in 1986. In recent times, withholding tax has been the
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 you’re paying taxes, or if you’re unsure about the process, we’ve compiled a step by step article. There’s no need to worry. We’ll guide you through the process.
March 07, 2019

Budget 2019: A Basic Breakdown

It’s that time of the year again – a brand new financial year, and a brand new government budget to go with it!…
November 06, 2018

The Proposed Changes To The Tax System

Much to everyone’s surprise, the Former President of Sri Lanka, Mahinda Rajapaksa was sworn in as the new Prime Minister on 26th of October 2018.