Monthly Archives: May 2020

Revised Statement Estimated of Income Tax Payable – 2019/20

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The Process of Opening Income Tax File – Individual

01. Visit Ird.gov.lk 02. Go to E- services Menu 03. Select Access to E-services 04.Click on Tax Payer Registration 05. Select applicable status Individual Local / Individual Foreigner  etc 06. Fill the application and submit with a copy National Identity Card … Continue reading

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Advance Personal Income Tax Tax on Tax Rates After 2020/01/01

. Tax on tax arises in the following instances: i. When an employer or any other person settles income tax liability of an employee, without being deducted from his salary, ii. Reimbursement by the employer of Income Tax already deducted … Continue reading

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Advance Personal Income Tax Calculators

APIT Table 01 APIT Table 06 the Inland Revenue Department (IRD) ( notice under the reference No. PN/IT/2020 – 03 (Revised) dated 08.04.2020) published in line with the instructions issued by the Ministry of Finance, subject to formal amendments to the Inland … Continue reading

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Advance Personal Income Tax Tables​​​ (APIT formerly PAYE) Table 01 After 2020/01/01

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Alternative Tax Payment System (ATPS) through Online Fund Transfer Facility – IRD Sri Lanka

Taking in to account of the Covid -19 Endemic situation currently prevailing in the country, the Inland Revenue Department (IRD) has introduced an Alternative Tax Payment System (ATPS) for making tax payments through Online Fund Transfer Facility, with the collaboration of specific … Continue reading

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Economic Service Charge Period codes 2020/21

Period Codes for Year of Assessment 2020/2021 Economic Service Charge Tax Type Code 80 Payment Period from Payment Period To Period Code Payment Due Date 01.04.2020 30.06.2020 20211 7/20/2020 01.07.2020 30.09.2020 20212 10/20/2020 01.10.2020 31.12.2020 20213 1/20/2021 01.01.2021 31.03.2021 20214 … Continue reading

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Tax on Distributable Profit Period Codes 2021

Period Codes for Year of Assessment 2020/2021 Tax on Distributable Profit Tax Type Code 08 Payment Period from Payment Period To Period Code Payment Due Date 01.04.2020 30.06.2020 20211 01.07.2020 30.09.2020 20212 01.10.2020 31.12.2020 20213 01.01.2021 31.03.2021 20214 01.04.2020 31.03.2021 … Continue reading

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Remittance Tax Period Codes 2020/21

Period Codes for Year of Assessment 2020/2021 Remittance Tax Tax Type Code 13 Payment Period from Payment Period To Period Code Payment Due Date 01.04.2020 30.06.2020 20211 01.07.2020 30.09.2020 20212 01.10.2020 31.12.2020 20213 01.01.2021 31.03.2021 20214 01.04.2020 31.03.2021 20210

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Dividend tax Period Codes 2020/21

Period Codes for Year of Assessment 2020/2021 Dividend Tax Tax Type Code 04 Payment Period from Payment Period To Period Code Payment Due Date 01.04.2020 30.06.2020 20211 01.07.2020 30.09.2020 20212 01.10.2020 31.12.2020 20213 01.01.2021 31.03.2021 20214 01.04.2020 31.03.2021 20210

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