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Despite initial directives mandating all individuals above 18 years to register for a Tax Identification Number (TIN) before April 1, the deadline has been rendered inactive. A senior official from the Inland Revenue Department (IRD), speaking to The Sunday Morning,…
The Inland Revenue Department (IRD) has announced new ways to make your tax payments in Sri Lanka. This is according to a recent gazette notification issued by the Commissioner General of Inland Revenue. Here’s a breakdown of the new options…
In today’s dynamic financial landscape, success hinges on the ability to develop and execute sound financial strategies. But crafting a winning plan is only half the battle. The true power lies in fostering collaboration – bringing together diverse perspectives, expertise,…
Value Added Tax (VAT) can be a labyrinthine path for Sri Lankan business owners. This comprehensive guide aims to illuminate the key aspects of VAT, empowering you to navigate the system with confidence. We’ll delve into VAT rates, exemptions (with…
The Inland Revenue Department (IRD) announced the establishment of a dedicated High Wealth Individuals Unit (HWIU) to ensure tax compliance among Sri Lanka’s most affluent residents. This initiative aims to enhance fairness and public confidence in the nation’s tax administration…