Lanka Tax Club

📢 Important Tax Update for Businesses in Sri Lanka!

New Tax Invoice Specifications have been announced and will take effect from July 2026. Make sure your business is prepared for the upcoming compliance changes.

Read more 👇
https://lankataxclub.lk/new-tax-invoice-specifications-announced-what-you-need-to-know-before-july-2026/

Major Tax Overhaul for the Textile Sector: Fabric Imports Now Subject to 18% VAT - Lanka Tax Club On April 8, 2026, the Inland Revenue Department (IRD) issued a critical notice (PN/VAT/2026-04/1) to all VAT-registered persons detailing a major shift in tax policy for the textile and garment industry. The directive outlines a synchronized change to both the Value Added Tax (VAT) and the CESS levy...

📢 Just Released! 🇱🇰📹

Check out our latest video on How to Get Your IRD PIN (Password) – in Sinhala! 🔐✨
If you’re trying to access the Inland Revenue Department’s e-Services in Sri Lanka, this step-by-step guide will help you request your PIN/password easily.

👉 Watch here: https://www.youtube.com/watch?v=SlsmsieXSwA

Learn how to:
✔ Request your IRD PIN online
✔ Choose email or postal delivery
✔ Avoid common mistakes
✔ Navigate the official portal with confidence

📌 Don’t forget to:
👍 Like the video
🔁 Share with friends & family
🔔 Subscribe to Lanka Tax Club for more Sinhala tax tutorials!

IRD Sri Lanka – How to Get Your PIN Password | Sinhala Guide 📌 IRD Sri Lanka – How to Get Your PIN (Password) | Sinhala GuideWelcome to Lanka Tax Club! In this video, we explain step-by-step how to request and receive...

📢 New Video Alert – IRD Sri Lanka e-Services Guide! 🇱🇰💻

Do you want to access Inland Revenue Department (IRD) e-Services easily without confusion? 🤔
We’ve got you covered!

🎥 How to Access e-Service | IRD Sri Lanka e-Services Guide
In this video, we clearly explain how to register, log in, and use IRD e-Services step by step — perfect for individuals, business owners, and tax professionals in Sri Lanka.

✅ TIN registration basics
✅ Accessing IRD e-Services
✅ Online tax services explained simply

👉 Watch the full video here:
🔗 https://www.youtube.com/watch?v=RM2JzsXJAR4

If you find it helpful:
👍 Like
🔁 Share with friends & colleagues
🔔 Follow Lanka Tax Club for more tax guides

Let’s make Sri Lanka tax knowledge simple! 💡

How to Access e-Service | IRD Sri Lanka e-Services Guide | Sinhala 📌 How to Access e-Service | IRD Sri Lanka e-Services GuideWelcome to Lanka Tax Club! In this video, we walk you through the official process of accessing th...

Headline: 🎲 New Year, New Taxes: Casino Levies Doubled in Sri Lanka

The Inland Revenue Department has issued immediate changes to the Betting and Gaming sector effective January 01, 2026.

According to Notice PN/CEL/2025-01, significant hikes are now in place:

🔹 Casino Entrance Levy (CEL): Increased by 100% to USD 100 per entrant.

🔹 Gross Collection Levy: Raised from 15% to 18% on betting and gaming businesses with monthly collections over Rs. 1 Mn.

Operators must update their collection systems immediately to comply with the Betting and Gaming Levy (Amendment) Act No. 25 of 2025.

Read the full details on our website: 👇

New Year, New Levies: Casino Entrance Fee Doubled and Betting Taxes Hiked for 2026 - Lanka Tax Club By Lanka Tax Club Editorial Team The Inland Revenue Department (IRD) has issued a significant notice regarding the Betting and Gaming industry, announcing immediate changes to levies effective from January 01, 2026. Following the amendments made to the Betting & Gaming Levy Act, No. 40 of 1988 by th...

New Standardized Tax Invoice Format Mandated for 2026: A Guide for Sri Lankan Businesses - Lanka Tax Club The Department of Inland Revenue has issued a critical update regarding Value Added Tax (VAT) administration. Per Gazette Extraordinary No. 2463/05, dated November 17, 2025, the Commissioner General of Inland Revenue (CGIR) has specified a mandatory format and specification for Tax Invoices. This ne...

Sutherland v Commissioner of Income Tax (CTC Volume I) - Lanka Tax Club Case Overview 1. The Facts (The Story) Mr. R.W. Sutherland was the Managing Director of the Colombo Apothecaries Company Limited. 2. The Dispute The core disagreement was about how to classify this Rs. 15,750. 3. The Judgment (Held) The Court ruled in favor of Mrs. Sutherland. The payment was NOT ta...

Bank & Finance Company TIN List for Interest Income & AIT/WHT Schedules - Lanka Tax Club As tax season approaches in Sri Lanka, accurate data entry is critical for a smooth filing process. One of the most common administrative hurdles taxpayers and practitioners face is locating the correct Taxpayer Identification Number (TIN) for banks and finance companies. When preparing your Return....

New VAT Rules for Digital Services Supplied by Non-Residents in Sri Lanka – Effective from 1 October 2025 - Lanka Tax Club Sri Lanka is taking a significant step in modernizing its tax system with the introduction of Value Added Tax (VAT) on digital services supplied by non-resident persons through electronic platforms to Sri Lankan consumers. This reform, effective from 01 October 2025, was formalized under the Gazette...

What is Employment Income | How to calculate Assessable Income from Employment for the Y/A 2023/2024 & Y/A 2024/2025 - Lanka Tax Club %What is Employment Income | How to calculate Assessable Income from Employment for the Y/A 2023/2024 & Y/A 2024/2025

Understanding the 5% Advance Income Tax on Interest in Sri Lanka - Lanka Tax Club In Sri Lanka, the taxation landscape has been evolving, and one of the significant changes that have garnered attention is the imposition of a 5% Advance Income Tax (AIT) on interest and discount on deposits. This article delves into the critical aspects of this tax, as outlined in the Inland Revenu...

Certificate of Income Tax Deductions (T-10): An Overview - Lanka Tax Club The Certificate of Income Tax Deductions, commonly referred to as the T-10, is an essential document prescribed under Section 87 of the Inland Revenue Act in Sri Lanka. This certificate plays a vital role for both employers and employees in the process of Advance Personal Income Tax (APIT) complianc...