Category Archives: Tax Types

Dividend Tax Period Codes – 2019/20

Period Codes for Year of Assessment 2019/2020 Dividend Tax Tax Type Code 04 Payment Period from Payment Period To Period Code Payment Due Date 01.04.2019 30.06.2019 19201 01.07.2019 30.09.2019 19202 01.10.2019 31.12.2019 19203 01.01.2020 31.03.2020 19204 01.04.2019 31.03.2020 19200

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Vat Period Codes – 2019

VAT IF Manufacture category Period codes should be as follows payments should be Done Once a Month Month  payment period Payment Date Period Code Jan-19 from 01-01-2019 to 30-01-2019 on or Before  20th Next Month 19110 Feb-19 from 01-02-2019 to … Continue reading

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Tax Codes Generator

01. Select the Tax Type from The Drop Down List 02. Relevant Tax Type code will Appear Here 03. & 04.  Select the Applicable Tax Year / Calendar Year  from Drop down List 05. & 06. Select the applicable Quarter … Continue reading

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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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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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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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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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