HIGHLIGHTS

JULY 2021

  • Notice to ETF Board, Provident Funds and Employers who have retained the Tax on Terminal Benefits to Retiring Employees.
  • Statement of Stamp Duty compounded and Payments.

JUNE 2021

  • Notice to ETF Board, Provident Funds and Employers who have retained the Tax on Terminal Benefits to Retiring Employees.
  • Special Working Arrangements by Employees’ Provident Fund Department of Central Bank of Sri Lanka.
  • Notice on Contribution Collection of ETF Board.

MAY 2021

  • No Recent Statutory Updates

APRIL 2021

  • Schedules: Pay As You Earn (PAYE)/ Advance Personal Income Tax (APIT) – With effect from 01-04-2021
  • Updated Schedule File Verifier Tool
  • Annual Statement of Employer – APIT (2020/2021) -New Annual forms has been released
  • Discontinuation of Alternative Tax Payment System (ATPS)
  • Statement of Stamp Duty Compounded and Payments

MARCH 2021

  • No Statutory Updates

FEBRUARY 2021

  • No Statutory Updates

JANUARY 2021

  • Extension of Time to Remit Tax to the Inland Revenue Department

DECEMBER 2020

  • Furnishing of PAYE & WHT Statements, Year of Assessment 2019/2020
  • Extension of Time to Remit Tax to the Inland Revenue Department

NOVEMBER 2020

  • Tax Return Submission Dates -Stamp Duty

OCTOBER 2020

  • No Statutory Updates

SEPTEMBER 2020

  • Public and Bank Holidays for the year 2021

AUGUST 2020

  • Deduction of Advance Personal Income Tax (APIT) from Resident but Non-Citizen Employees

JULY 2020

  • Further Extension of Tax Return Submission Dates- Forms and Returns (Updated)

JUNE 2020

  • No Statutory Updates

MAY 2020

  • Primary and Secondary Employment Declaration Form
  • Advance Personal Income Tax Tables updated -Rates for deduction of Tax from lumpsum payment
  • Advance Personal Income Tax Tables- Table 5 and 7 updated
  • Certificate of Income Tax Deductions – (P.A.Y.E./T.10 (new))
  • Further Extension of Tax Return Submission Dates- Forms and Returns

APRIL 2020

  • Amendments on Terminal benefits Taxation
  • Statement of Stamp Duty- Forms and Returns
  • Annual Statement of Employer – Y/A 2019/2020 (PAYE Tax -Year end activities/annual filing)
  • Extension of Tax Return Submission Dates-Forms and Returns
  • Deduction of Tax on Cumulative Income from Employment for the Period 01.01.2020 – 31.03.2020
  • Deduction of Advance Personal Income Tax (APIT) on Gains and Profits from Employment
  • Deduction of Tax on Cumulative Income from Employment for the Period 01.01.2020 – 31.03.2020

MARCH 2020

  • No Statutory Updates

FEBRUARY 2020

  • No Statutory Updates

JANUARY 2020

  • No Statutory Updates