Sri Lanka: Guidance on tax clearance for foreign outward remittances, deduction of withholding tax , advance income tax

Recent tax-related guidance

Recent tax-related guidance

The Department of Inland Revenue issued the following items of tax-related guidance (read more at the hyperlinks provided below):

  • Circular No SEC_2022_E_06 (dated 23 December 2022): Requirement of tax clearance for foreign outward remittances and related procedure with effect from 1 January 2023 Read the report [PDF 1.3 MB]

  • Circular No SEC/2022/E/03 (dated 23 December 2022): Guidance for withholding agents on the deduction of withholding tax and advance income tax with effect from 1 January 2023 Read the report [PDF 1.6 MB]

  • Advance individual (personal) income tax (APIT) tables applicable for the period 1 January 2023 to 31 March 2023 Read the report [PDF 736 KB] and related guidance Read the report [PDF 1.2 MB]

  • Circular No SEC/2022/E/02 (dated 20 December 2022): Guidance for banks and financial institutions on the deduction of advance income tax on interest or discount on deposits with effect from 1 January 2023 Read the report [PDF 1.3 MB]


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