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Do You Know ?
Summary of Inland Revenue (Amendment) Act ,No. 02 of 2025
Inland Revenue (Amendment) Act, No. 2 of 2025 - Key Changes Effective Date: Starts from April 1, 2025. 1. Refunds of Overpaid Taxes (Section 150) Refund Limits:...
Proposed Amendments to Value Added Tax (VAT) Act in 2025
The Sri Lankan government has introduced significant amendments to the Value Added Tax (VAT) Act, No. 14 of 2002, through the VAT (Amendment) Bill of 2025. These...
How taxes will affect Service Exporters in Sri Lanka
With the Inland Revenue (Amendment) Bill, 2025 taking effect from April 1, 2025, Sri Lanka’s service exporters—both individuals and corporates—will experience...
New Tax Refund Rules for Income Tax
The recently proposed Inland Revenue (Amendment) Bill No. 569 of 2025 brings significant changes to the tax refund process in Sri Lanka. These amendments affect...
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