On 5 October 2026, the Inland Revenue Department (IRD) of Sri Lanka published a new statement detailing the compounded stamp duty amounts and associated payment procedures. This notice serves as an official reference for taxpayers engaged in transactions subject to stamp duty under the Stamp Duty Act, providing clarity on the compounded rates applicable for the current fiscal period. The document outlines the specific instruments liable for duty, the compounded amounts, and the deadlines for remittance to the IRD.
Key Takeaways
- Compounded Rates Published: The IRD has released a comprehensive schedule of compounded stamp duty amounts for various instrument categories, enabling taxpayers to calculate their exact liability without manual computation.
- Payment Deadlines Emphasized: The notice reiterates the statutory due dates for stamp duty payments, warning that late remittance will attract penalties and interest under the relevant provisions of the Stamp Duty Act.
- Digital Accessibility: The statement is available as a downloadable PDF on the IRD portal, facilitating easy access for taxpayers, legal practitioners, and financial institutions to ensure accurate compliance.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement