Sri Lanka

On 22 September 2026, the Sri Lanka Inland Revenue Department (IRD) issued Circular No. SEC/2026/E/07, mandating the submission of a Taxpayer Identification Number (TIN) certificate for a defined list of specified transactions. This directive operationalizes amendments to the Inland Revenue Act aimed at widening the tax net, improving compliance tracking, and curbing tax evasion across

On 22 September 2026, the Sri Lanka Inland Revenue Department (IRD) officially published Circular No. SEC/2026/E/07, introducing a mandatory requirement for taxpayers to submit a valid Taxpayer Identification Number (TIN) certificate when executing specified transactions. This regulatory measure is enacted under the authority of the Inland Revenue Act, No. 24 of 2017, as amended by

On 21 September 2026, the Inland Revenue Department published detailed guidance on the process for making the final income tax payment for the Year of Assessment 2025/2026. The guidance, accompanied by illustrative screenshots, walks taxpayers through the e-Services portal, payment calculation, and confirmation steps. It addresses common queries regarding tax credits, installment options, and documentation

On 15 September 2026, the IRD released a notice outlining the payment obligations for the Social Security Contribution Levy (SSCL) for the month of August 2026. The SSCL, introduced under the Social Security Contribution Levy Act, applies to liable persons carrying on business or profession with a turnover exceeding the prescribed threshold. The notice specifies

On 15 September 2026, the Inland Revenue Department issued a routine reminder for Value Added Tax (VAT) registered persons to make payments and furnish returns for the taxable period of August 2026. Under the VAT Act, registered taxpayers must submit a VAT return and pay any net tax liability by the 20th of the following

On 15 September 2026, the IRD published a notice specific to the Value Added Tax on Financial Services (VAT on FS) for the month of August 2026. Financial institutions, including banks, insurance companies, and leasing entities, are required to compute the VAT on FS based on the prescribed value addition method and remit the payment

As of 13 August 2026, the Inland Revenue Department of Sri Lanka issued a formal notice requiring all registered taxpayers to make tax payments and furnish Value Added Tax returns for the month of July 2026. This notice operates under the provisions of the Value Added Tax Act, No. 14 of 2002, and its implementing

As of 13 August 2026, the Inland Revenue Department of Sri Lanka issued a notice compelling all applicable employers and entities to make Social Security Contribution Levy (SSCL) payments for the month of July 2026. The SSCL, established under the Social Security Contribution Levy Act, No. 10 of 2006, constitutes a statutory deduction from employee

As of 13 August 2026, the Inland Revenue Department of Sri Lanka issued a notice requiring taxpayers and financial institutions to make Advanced Personal Income Tax (APIT) and Withholding Tax (WHT) payments pertaining to amounts withheld or accrued during the month of July 2026. The notice specifically addresses tax obligations on interest income and various

The Inland Revenue Department of Sri Lanka, under the stewardship of the Commissioner General of Inland Revenue, has announced the release of Circular No. SEC/2026/E/06 (Re-Revised), dated 12 August 2026, providing authoritative guidance on the computation and remittance of quarterly advance income tax instalments for the forthcoming Year of Assessment 2026/2027. This regulatory instrument emanates