Tag: Tax

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
June 15, 2024

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

Updated 2024 The Withholding tax was introduced in Sri Lanka as a tax charge on interest payments in 1986. In recent times, withholding tax has
May 20, 2024

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.
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. 
June 03, 2023

Are You Required to Register for Tax? Check If You Fall into the 14 Categories

As the wheels of taxation keep turning, it’s vital for individuals and businesses to stay informed and adhere to the latest regulations. In a recent