4 Guides across 1 job. Each Guide is authored by an accountant; the ones more colleagues stand behind rise to the top.
Sri Lanka provisional tax via Advance Income Tax (AIT) quarterly instalments under s 90 of the Inland Revenue Act — who pays, calculation, due dates and penalties.
Sri Lanka Capital Gains Tax on realisation of investment assets — rates, exemptions, calculation and filing (Inland Revenue Act No. 24 of 2017, as amended by Act No. 11 of 2026).
ALWAYS read this skill before touching any Sri Lanka corporate income tax work. Use whenever asked about Sri Lanka company tax for a resident company. Trigger on phrases like "Sri Lanka corporate tax", "Sri Lanka CIT", "company tax Sri Lanka", "30% corporate rate Sri Lanka", "betting and gaming tax Sri Lanka", "liquor tobacco tax Sri Lanka", "Inland Revenue Act 24 of 2017 company", or "year of assessment 2025/26 company". Covers the Inland Revenue Act No. 24 of 2017 as amended by the Inland Revenue (Amendment) Act No. 02 of 2025 (effective 1 April 2025): the 30% standard rate, the 15% concessionary rate on remitted foreign-currency income/services, and the 45% rate on betting/gaming and liquor/tobacco. Out of scope — personal income tax (separate skill), withholding/AIT (separate skill), SSCL, VAT, banking/insurance/sector special regimes, and group/transfer-pricing matters.
Use this skill whenever asked about Sri Lanka personal income tax for resident individuals, non-resident citizens, employees, self-employed professionals, sole proprietors, and freelancers filing with the Inland Revenue Department (IRD). Trigger on phrases like "Sri Lanka income tax", "IRD return", "APIT", "PAYE Sri Lanka", "personal relief Sri Lanka", "income tax slabs Sri Lanka", "Inland Revenue Act 24 of 2017", "SET Sri Lanka", or "year of assessment 2025/26". Covers the Inland Revenue Act No. 24 of 2017 as amended by the Inland Revenue (Amendment) Act No. 02 of 2025 (effective 1 April 2025): the LKR 1,800,000 personal relief, the 6%/18%/24%/30%/36% progressive bands, the YA 2025/26 APIT (PAYE) tables, foreign-currency remote-worker concession, and IRD filing mechanics. Out of scope — corporate income tax (separate skill), withholding tax / AIT (separate skill), SSCL (separate skill), VAT (separate skill), and capital gains beyond the headline 10% rate.