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Overview of Tax Rates in Sri Lanka
Corporate income tax (CIT) rates Headline CIT rate (%) 30 Corporate income tax (CIT) due dates CIT return due date Within eight months from the end of the year of assessment. CIT final payment due date 15 May immediately following the end of the tax year. CIT estimated payment due dates Four instalments, on or…
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Are You Required to Register for Tax?
As the wheels of taxation keep turning, it’s vital for individuals and businesses to stay informed and adhere to the latest regulations. In a recent development, the Sri Lankan government has issued a Tax Alert through Gazette Notification No 2334/21, dated 31 May 2023. This notification introduces additional classes of persons who are now required to register…
