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🇱🇰 2025/2026 සඳහා Individual Income Tax Liability ගණනය කරන්නේ කොහොමද? 💰 ඔබ ගෙවිය යුතු Income Tax එක නිවැරදිව ගණනය කරමු Salary එකක් ලැබුණත්, Business එකක් කළත්, Rental Income තිබුණත්, Investment Income තිබුණත් — ඔබගේ Income Tax Liability එක නිවැරදිව හඳුනාගැනීම ඉතා වැදගත්. විශේෂයෙන් 2025/2026 Year of Assessment සඳහා අදාළ Personal Relief, Allowable Deductions සහ Progressive […]

Dividend Taxation in Sri Lanka – A Simple Guide Under the Inland Revenue Act Dividends are one of the most common forms of investment income received by shareholders. Whether you invest in a listed company or a private company, it is important to understand how dividends are taxed in Sri Lanka. Recent amendments to the

Common Mistakes When Filing Income Tax Returns in Sri Lanka Filing an Income Tax Return is an important legal obligation for many individuals and businesses in Sri Lanka. While the Inland Revenue Department (IRD) has made tax filing more accessible through electronic filing, many taxpayers still make mistakes that can result in penalties, interest, delays,

Penalties for Late Filing and Late Payment of Taxes in Sri Lanka: A Complete Guide Meeting your tax obligations on time is one of the most important responsibilities of every taxpayer in Sri Lanka. Failing to file tax returns or pay taxes by the prescribed due dates can result in significant financial consequences, including penalties,

Rental Income and Tax Obligations in Sri Lanka – A Simple Guide Owning a rental property can provide a steady source of income. However, many property owners are unsure how rental income is taxed in Sri Lanka and whether expenses can be deducted. In Sri Lanka, rental income is generally taxed in two different ways,

Is Foreign Employment Income Taxable in Sri Lanka? A Simple Guide Many Sri Lankans work overseas, on international vessels, or remotely for foreign employers. One of the most common questions they ask is: “Do I have to pay Income Tax in Sri Lanka on my foreign employment income?” The answer is not always straightforward. Whether

How to Determine Your Tax Residency Status in Sri Lanka A Simple Guide for Individuals (Inland Revenue Act No. 24 of 2017) Tax residency is one of the most important concepts in Sri Lankan income tax. Whether you are a resident or non-resident determines how your income is taxed and whether you may be required

IRD Discontinues Temporary VAT Registration for Commercial Imports – What Sri Lankan Importers Need to Know Published by eFiling Tax Consultants The Inland Revenue Department (IRD) has introduced an important administrative change that affects businesses engaged in commercial imports. Temporary VAT Registration Certificates are no longer being issued for commercial import transactions. This change means

Freelancers in Sri Lanka: A Simple Guide to Business Income Tax Are you a freelancer in Sri Lanka? Whether you’re a graphic designer, software developer, online tutor, content creator, digital marketer, accountant, consultant, or any other self-employed professional, it’s important to understand your income tax obligations. Many freelancers believe that because they don’t have a

Capital Gains Tax in Sri Lanka – A Simple Guide for Property Owners and Investors What is Capital Gains Tax? Capital Gains Tax (CGT) is a tax charged on the profit you make when you sell or transfer certain investment assets. It is important to note that the tax is not charged on the full