Webon any payment which has a source in Sri Lanka and is due and payable to any non-resident person. The tax (WHT) shall be deducted at the rate as appended, subject to the provisions of relevant Double Tax Avoidance Agreement (DTAA), on any of the following payments; Dividend - Exempt Interest (Excluding exempt Interest) - 5% WebJan 9, 2024 · Each fiscal levy has a specific base on which the tax is computed. Values of the tax bases in Sri Lankan Rupees should be declared in this coloumn. 3. Rate Applicable rates of taxes against the types of taxes declared in the first coloumn, should be given here. 4. Amount Amount of tax payable in Sri Lankan Rupees 5. MP (Mode of Payment)

Sri Lanka budget 2024, key tax changes EconomyNext

WebOn instances where commercial banks in Sri Lanka purchase Sri Lanka International Sovereign Bonds, subject to a minimum of US$100 million, it is proposed to suspend risk-weighted provisioning under t he Central Bank regulations for three years and exempt the interest income of this investment from taxes. WebMay 31, 2024 · Tuesday May 31, 2024 7:26 pm. ECONOMYNEXT – Sri Lanka is raising value added tax to 12 percent, corporate tax to 30 percent and the highest personal income tax rate to 34 percent from 18 percent, in a bid to raise 195 billion rupees as money printed to pay state worker salaries trigger forex shortages. Value added taxes will be raised to 12 ... poliinstaller

Taxation in Sri Lanka: The need for radical change? Daily FT

WebMay 23, 2015 · Tax Sy stem Since 1 932. Income tax was first introduced in Sri Lanka in 1932. First year of Assessment 1931/1932. The Income Tax Department was established in the same year to administer this tax. Mr. N.J. Huxham was the first Commissioner. Estate Duty and Stamps Offices were amalgamated with the Income Tax Department in 1933 … http://www.ird.gov.lk/en/SitePages/News%20and%20Notices.aspx http://www.ird.gov.lk/en/publications/SitePages/Tax_Chart_2024.aspx?menuid=1404 poliihon