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Major VAT Reforms in Sri Lanka: What You Need to Know and Why Acting Now Matters Sri Lanka’s tax landscape is about to undergo significant changes. With the enactment of the Value Added Tax (Amendment) Act No. 04 of 2025,…
Revised Tax Rates: Key Changes You Should Know The amendment to personal income tax thresholds has been officially gazetted. Starting April 1st, personal income tax will be applied under the revised thresholds. New Personal Income Tax Thresholds According to the…
Smart tax management is essential for business success. It ensures regulatory compliance and maximizes potential savings. Outsourcing tax services to a qualified firm can provide significant advantages. This article explores why businesses should consider outsourcing their tax needs. Expertise and…
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…