News

The Inland Revenue Department (IRD) has issued an important notice regarding the submission of Income Tax Returns for the 2023/2024 Assessment Year. Key Points: Deadline: Saturday, 30th November 2024. IRD Offices (Head Office, Regional, and Metro) will be open on Saturday, 30th November, to assist taxpayers....

The Inland Revenue Department (IRD) has introduced a Simplified Scheme for filing Individual Income Tax (IIT) returns, making e-filing easier and more accessible for eligible taxpayers. This initiative is designed to streamline the process and encourage timely submission of returns for the assessment...

The Inland Revenue Department urges all taxpayers to clear any outstanding default taxes on or before October 30, 2024. Failure to meet this deadline will result in rigorous collection actions, which may include legal proceedings as per the Inland Revenue Act. It is crucial to act promptly to avoid facing...

Effective from 1st October 2024, both Individual Income Tax (IIT) returns and Partnership Income Tax (PIT) returns can now be filed through the RAMIS system. The final due date for submission is 30th November 2024, giving everyone ample time to complete and submit their returns. It is highly recommended...

Kandy Chartered Accountant and Chairman of the Ceylon Chamber of Commerce, Mr. Duminda Hulangamuwa, has been appointed as a Senior Consultant on Economic Affairs and Finance to President Anura Kumara Dissanayake. This honorary appointment, made without salary or benefits, was confirmed by Cabinet Spokesman...