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Monthly Archives: July 2018
VALUE ADDED TAX (VAT)
VALUE ADDED TAX (VAT) Update: 2019/12/01 VAT rate is revised to 8% with effect from December 01, 2019. However, VAT rate applicable on supply of Financial Services will be continued at 15% . The liable limit for registration of VAT will be … Continue reading
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Tagged Value Added Tax, Value Added Tax 2018, value added tax 2019, value added tax 2020, value added tax 2021, value added tax 2022, value added tax 2023, value added tax appeal, value added tax assesment, value added tax calculation, value added tax changes in sri lanka, value added tax consultants in kuliyapitiya, value added tax consultants in sri lanka, value added tax exempted business, value added tax exempted items, value added tax exempted services, value added tax exemptions, value added tax how to calculate in sri lanka, value added tax inland revenue department, value added tax liability calculation, value added tax paymens in sri lanka, value added tax penalty, value added tax percentages in sri lanka, value added tax registration sri lanka, value added tax return, value added tax schedule, value added tax tax consultation, value added tax tax payment due dates, Value Added Tax tax period code, value added tax tax preparation services, value added tax tax rates in sri lanka, value added tax tax return submission, value added tax tax sri lanka, Value Added Tax tax type code, vat 2018, vat 2019, vat 2020, vat 2021, vat 2022, vat 2023, vat appeal, vat assesment, vat calculation, vat changes in sri lanka, vat consultants in kuliyapitiya, vat consultants in sri lanka, vat exempted business, vat exempted items, vat exempted services, vat exemptions, vat how to calculate in sri lanka, vat inland revenue department, vat liability calculation, vat paymens in sri lanka, vat penalty, vat percentages in sri lanka, vat registration sri lanka, vat return, vat schedule, vat tax consultation, vat tax payment due dates, vat tax period code, vat tax preparation services, vat tax rates in sri lanka, vat tax return submission, vat tax sri lanka, vat tax threshold, vat tax type code, vat value added tax tax threshold
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TOURIST BOARD DEVELOPMENT LEVY (TDL)
TOURIST BOARD DEVELOPMENT LEVY (TDL) Every institution licensed under the Tourist Development Act No. 14 of 1968 other than Travel Agents shall pay Tourist Development Levy (TDL) at a rate of 1% on total turnover after deducting Value Added … Continue reading
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Tagged TDL 2018, TDL 2019, TDL 2020, TDL 2021, TDL 2022, TDL 2023, TDL appeal, TDL assesment, TDL calculation, TDL changes in sri lanka, TDL consultants in kuliyapitiya, TDL consultants in sri lanka, TDL exempted business, TDL exempted items, TDL exempted services, TDL exemptions, TDL how to calculate in sri lanka, TDL inland revenue department, TDL liability calculation, TDL paymens in sri lanka, TDL penalty, TDL percentages in sri lanka, TDL registration sri lanka, TDL return, TDL schedule, TDL tax consultation, TDL tax payment due dates, TDL tax period code, TDL tax preparation services, TDL tax rates in sri lanka, TDL tax return submission, TDL tax sri lanka, TDL tax threshold, TDL tax type code, TDL Tourism development levy tax threshold, Tourism development levy, Tourism development levy 2018, Tourism development levy 2019, Tourism development levy 2020, Tourism development levy 2021, Tourism development levy 2022, Tourism development levy 2023, Tourism development levy appeal, Tourism development levy assesment, Tourism development levy calculation, Tourism development levy changes in sri lanka, Tourism development levy consultants in kuliyapitiya, Tourism development levy consultants in sri lanka, Tourism development levy exempted business, Tourism development levy exempted items, Tourism development levy exempted services, Tourism development levy exemptions, Tourism development levy how to calculate in sri lanka, Tourism development levy inland revenue department, Tourism development levy liability calculation, Tourism development levy paymens in sri lanka, Tourism development levy penalty, Tourism development levy percentages in sri lanka, Tourism development levy registration sri lanka, Tourism development levy return, Tourism development levy schedule, Tourism development levy tax consultation, Tourism development levy tax payment due dates, Tourism development levy tax period code, Tourism development levy tax preparation services, Tourism development levy tax rates in sri lanka, Tourism development levy tax return submission, Tourism development levy tax sri lanka, Tourism development levy tax type code
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STAMP DUTY (SD)
STAMP DUTY (SD) 1.1. Meaning of SD Stamp Duty shall be charged at rates published in the Gazette on every specified instrument, Executed, Drawn or Presented in Sri Lanka Executed outside Sri Lanka being an instrument which relates to property … Continue reading
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Tagged Stamp Duty, stamp duty 2018, stamp duty 2019, stamp duty 2020, stamp duty 2021, stamp duty 2022, stamp duty 2023, stamp duty appeal, stamp duty assesment, stamp duty calculation, stamp duty changes in sri lanka, stamp duty consultants in kuliyapitiya, stamp duty consultants in sri lanka, stamp duty exempted business, stamp duty exempted items, stamp duty exempted services, stamp duty exemptions, stamp duty how to calculate in sri lanka, stamp duty inland revenue department, stamp duty liability calculation, stamp duty paymens in sri lanka, stamp duty penalty, stamp duty percentages in sri lanka, stamp duty registration sri lanka, stamp duty return, stamp duty schedule, stamp duty tax consultation, stamp duty tax payment due dates, stamp duty tax period code, stamp duty tax preparation services, stamp duty tax rates in sri lanka, stamp duty tax return submission, stamp duty tax sri lanka, stamp duty tax threshold, Stamp Duty tax type code
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PAY AS YOU EARNED (PAYE)
PAY AS YOU EARNED (PAYE) Update : 2020/01/01 PAYE is removed from 2020/01/01 and deduction of Advance Personal Income Tax (APIT) is replaced in lieu of PAYE tax with effect from 01.04.2020 on optional basis. As you are already informed by … Continue reading
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NATION BUILDING TAX (NBT)
NATION BUILDING TAX (NBT) Update: 2019/12/01 NBT is abolished with effect from December 01, 2019 1.1. Meaning of NBT NBT is payable by every person (individual, Company, body of persons) or partnership who: Imports any article (other than any excepted … Continue reading
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INCOME TAX (IT)
INCOME TAX (IT) 1.1. Meaning of Income Tax “Tax” means a compulsory payment to the government imposed under Inland Revenue Act no. 24 of 2017 regardless of whether that payment is designated as a tax, fee, duty, levy or … Continue reading
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Tagged Corporate Income Tax 2018, corporate income tax 2019, corporate income tax 2020, corporate income tax 2021, corporate income tax 2022, corporate income tax 2023, corporate income tax appeal, corporate income tax assesment, corporate income tax calculation, corporate income tax changes in sri lanka, corporate income tax consultants in kuliyapitiya, corporate income tax consultants in sri lanka, corporate income tax exempted business, corporate income tax exempted items, corporate income tax exempted services, corporate income tax exemptions, corporate income tax how to calculate in sri lanka, corporate income tax inland revenue department, corporate income tax liability calculation, corporate income tax partnership tax tax threshold, corporate income tax paymens in sri lanka, corporate income tax penalty, corporate income tax percentages in sri lanka, corporate income tax registration sri lanka, corporate income tax return, corporate income tax schedule, corporate income tax tax consultation, corporate income tax tax payment due dates, Corporate Income Tax tax period code, corporate income tax tax preparation services, corporate income tax tax rates in sri lanka, corporate income tax tax return submission, corporate income tax tax sri lanka, Corporate Income Tax tax type code, income tax 2018, income tax 2019, income tax 2020, income tax 2021, income tax 2022, income tax 2023, income tax appeal, income tax assesment, income tax calculation, income tax changes in sri lanka, income tax consultants in kuliyapitiya, income tax consultants in sri lanka, income tax corporate income tax tax threshold, income tax exempted business, income tax exempted items, income tax exempted services, income tax exemptions, income tax how to calculate in sri lanka, income tax inland revenue department, income tax liability calculation, income tax paymens in sri lanka, income tax penalty, income tax percentages in sri lanka, income tax registration sri lanka, income tax return, income tax schedule, income tax tax consultation, income tax tax payment due dates, income tax tax period code, income tax tax preparation services, income tax tax rates in sri lanka, income tax tax return submission, income tax tax sri lanka, income tax tax threshold, income tax tax type code, Individual Income Tax 2018, individual income tax 2019, individual income tax 2020, individual income tax 2021, individual income tax 2022, individual income tax 2023, individual income tax appeal, individual income tax assesment, individual income tax calculation, individual income tax changes in sri lanka, individual income tax consultants in kuliyapitiya, individual income tax consultants in sri lanka, individual income tax exempted business, individual income tax exempted items, individual income tax exempted services, individual income tax exemptions, individual income tax how to calculate in sri lanka, Individual Income Tax in sri lanka, individual income tax inland revenue department, individual income tax liability calculation, individual income tax paymens in sri lanka, individual income tax penalty, individual income tax percentages in sri lanka, individual income tax registration sri lanka, individual income tax return, individual income tax schedule, individual income tax tax consultation, individual income tax tax payment due dates, Individual Income Tax tax period code, individual income tax tax preparation services, individual income tax tax rates in sri lanka, individual income tax tax return submission, individual income tax tax sri lanka, Individual Income Tax tax type code, Partnership Tax 2018, partnership tax 2019, partnership tax 2020, partnership tax 2021, partnership tax 2022, partnership tax 2023, partnership tax appeal, partnership tax assesment, partnership tax calculation, partnership tax changes in sri lanka, partnership tax consultants in kuliyapitiya, partnership tax consultants in sri lanka, partnership tax exempted business, partnership tax exempted items, partnership tax exempted services, partnership tax exemptions, partnership tax how to calculate in sri lanka, partnership tax individual income tax tax threshold, partnership tax inland revenue department, partnership tax liability calculation, partnership tax paymens in sri lanka, partnership tax penalty, partnership tax percentages in sri lanka, partnership tax registration sri lanka, partnership tax return, partnership tax schedule, partnership tax tax consultation, partnership tax tax payment due dates, Partnership Tax tax period code, partnership tax tax preparation services, partnership tax tax rates in sri lanka, partnership tax tax return submission, partnership tax tax sri lanka, Partnership Tax tax type code
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ECONOMIC SERVICE CHARGE (ESC)
ECONOMIC SERVICE CHARGE (ESC) 1.1. Meaning of ESC An Economic Service Charge shall be charged, if aggregate turnover from Trade, Business, Profession or Vocation carried on or exercised in Sri Lanka whether directly or through an agent or more … Continue reading
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Tagged Economic service charges, Economic service charges 2018, Economic service charges 2019, Economic service charges 2020, Economic service charges 2021, Economic service charges 2022, Economic service charges 2023, Economic service charges appeal, Economic service charges assesment, Economic service charges calculation, Economic service charges changes in sri lanka, Economic service charges consultants in kuliyapitiya, Economic service charges consultants in sri lanka, Economic service charges exempted business, Economic service charges exempted items, Economic service charges exempted services, Economic service charges exemptions, Economic service charges how to calculate in sri lanka, Economic service charges inland revenue department, Economic service charges liability calculation, Economic service charges paymens in sri lanka, Economic service charges penalty, Economic service charges percentages in sri lanka, Economic service charges registration sri lanka, Economic service charges return, Economic service charges schedule, Economic service charges tax consultation, Economic service charges tax payment due dates, Economic service charges tax period code, Economic service charges tax preparation services, Economic service charges tax rates in sri lanka, Economic service charges tax return submission, Economic service charges tax sri lanka, Economic service charges tax type code, ESC 2018, ESC 2019, ESC 2020, ESC 2021, ESC 2022, ESC 2023, ESC appeal, ESC assesment, ESC calculation, ESC changes in sri lanka, ESC consultants in kuliyapitiya, ESC consultants in sri lanka, ESC Economic service charges tax threshold, ESC exempted business, ESC exempted items, ESC exempted services, ESC exemptions, ESC how to calculate in sri lanka, ESC inland revenue department, ESC liability calculation, ESC paymens in sri lanka, ESC penalty, ESC percentages in sri lanka, ESC registration sri lanka, ESC return, ESC schedule, esc tax consultation, ESC tax payment due dates, esc tax period code, ESC tax preparation services, ESC tax rates in sri lanka, ESC tax return submission, ESC tax sri lanka, ESC tax threshold, ESC tax type code
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CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY (CIGFL)
CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY (CIGFL) 1.1. Meaning of CIGFL CIGFL is payable by any “Construction Contractor” or “Sub Contractor” on the “value of any construction contract” enforced in Sri Lanka at the specified appropriate rate. However, no CIGFL shall … Continue reading
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Tagged cigfl 2018, cigfl 2019, cigfl 2020, cigfl 2021, cigfl 2022, cigfl 2023, cigfl appeal, cigfl assesment, cigfl calculation, cigfl changes in sri lanka, cigfl CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY tax threshold, cigfl consultants in kuliyapitiya, cigfl consultants in sri lanka, cigfl exempted business, cigfl exempted items, cigfl exempted services, cigfl exemptions, cigfl how to calculate in sri lanka, cigfl inland revenue department, cigfl liability calculation, cigfl paymens in sri lanka, cigfl penalty, cigfl percentages in sri lanka, cigfl registration sri lanka, cigfl return, cigfl schedule, cigfl tax consultation, cigfl tax payment due dates, cigfl tax period code, cigfl tax preparation services, cigfl tax rates in sri lanka, cigfl tax return submission, cigfl tax sri lanka, cigfl tax threshold, cigfl tax type code, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY 2018, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY 2019, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY 2020, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY 2021, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY 2022, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY 2023, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY appeal, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY assesment, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY calculation, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY changes in sri lanka, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY consultants in kuliyapitiya, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY consultants in sri lanka, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY exempted business, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY exempted items, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY exempted services, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY exemptions, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY how to calculate in sri lanka, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY inland revenue department, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY liability calculation, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY paymens in sri lanka, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY penalty, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY percentages in sri lanka, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY registration sri lanka, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY return, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY schedule, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY tax consultation, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY tax payment due dates, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY tax period code, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY tax preparation services, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY tax rates in sri lanka, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY tax return submission, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY tax sri lanka, CONSTRUCTION INDUSTRY GUARANTEE FUND LEVY tax type code
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CAPITAL GAIN TAX (CGT)
CAPITAL GAIN TAX (CGT) 1.1. Meaning of CGT Capital Gain Tax is a tax on gains realized on the transfer of ownership including sale, exchange, transfer, distribute, cancel, redeem, destroy, loss, expire, expropriate or surrender of an investment asset. The … Continue reading
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Tagged capital gain tax 2018, capital gain tax 2019, capital gain tax 2020, capital gain tax 2021, capital gain tax 2022, capital gain tax 2023, capital gain tax appeal, capital gain tax assesment, capital gain tax calculation, capital gain tax cgt tax threshold, capital gain tax changes in sri lanka, capital gain tax consultants in kuliyapitiya, capital gain tax consultants in sri lanka, capital gain tax exempted business, capital gain tax exempted items, capital gain tax exempted services, capital gain tax exemptions, capital gain tax how to calculate in sri lanka, capital gain tax inland revenue department, capital gain tax liability calculation, capital gain tax paymens in sri lanka, capital gain tax penalty, capital gain tax percentages in sri lanka, capital gain tax registration sri lanka, capital gain tax return, capital gain tax schedule, capital gain tax tax consultation, capital gain tax tax payment due dates, capital gain tax tax period code, capital gain tax tax preparation services, capital gain tax tax rates in sri lanka, capital gain tax tax return submission, capital gain tax tax sri lanka, capital gain tax tax threshold, capital gain tax tax type code, cgt, cgt 2018, cgt 2019, cgt 2020, cgt 2021, cgt 2022, cgt 2023, cgt appeal, cgt assesment, cgt calculation, cgt changes in sri lanka, cgt consultants in kuliyapitiya, cgt consultants in sri lanka, cgt exempted business, cgt exempted items, cgt exempted services, cgt exemptions, cgt how to calculate in sri lanka, cgt inland revenue department, cgt liability calculation, cgt paymens in sri lanka, cgt penalty, cgt percentages in sri lanka, cgt registration sri lanka, cgt return, cgt schedule, cgt tax consultation, cgt tax payment due dates, cgt tax period code, cgt tax preparation services, cgt tax rates in sri lanka, cgt tax return submission, cgt tax sri lanka, cgt tax type code
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