Sri Lanka

Last updated on April 11th, 2022

Country Overview

Currency  

LKR 

Payroll cycle 

Semi-monthly 

Employer Contributions

EPF - 12%, ETF - 3%

Minimum wage  

12,500 LKR per month 

Working hours  

9 hours a day, 45 hours a week 

APRIL 2024

  • Certificate of Income Tax Deductions – Form T10 for 2023 - 2024

  • Annual Statement of Employer - APIT 2023/2024 - (AsmtAPIT001_E)

APRIL 2023

  • Tax Deductions on Lump-sum Payments

  • Deduction of Tax on Cumulative Gains and Profits from Employment

  • Tax-on-tax Rates - TAX TABLE NO. 06

MARCH 2023

  • No Statutory Updates

FEBRUARY 2023

  • No Statutory Updates

JANUARY 2023

  • No Statutory Updates

DECEMBER 2022

  • Amended Advance Personal Income Tax (APIT) Tables

  • APIT Tables from 1st January 2023

NOVEMBER 2022

  • No Statutory Updates

OCTOBER 2022

  • No Statutory Updates

SEPTEMBER 2022

  • No Statutory Updates

AUGUST 2022

  • No Statutory Updates

JULY 2022

  • No Statutory Updates

JUNE 2022

  • No Statutory Updates

MAY 2022

  • No Statutory Updates

APRIL 2022

  • No Statutory Updates

MARCH 2022

  • No Statutory Updates

FEBRUARY 2022

  • No Statutory Updates

JANUARY 2022

  • No Statutory Updates

DECEMBER 2021

  • No Statutory Updates

NOVEMBER 2021

  • No Statutory Updates

OCTOBER 2021

  • No Statutory Updates

SEPTEMBER 2021

  • No Statutory Updates

AUGUST 2021

  • No Statutory Updates

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

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