Sri Lanka: Extended due date for filing quarterly advance income tax statements
For the quarter ended 30 June 2023
For the quarter ended 30 June 2023
Circular No SEC/2023/E/05 (26 July 2023) extends the due date for filing quarterly advance income tax (AIT) statements, as required under Section 86 (8) of the Inland Revenue Act No 24 of 2017, for the quarter ended 30 June 2023 to 31 August 2023.
The requirement to file quarterly AIT statements is only applicable to banks and financial institutions on the payment of any amounts of interest, discounts, or income from Islamic financial transactions or on other debt obligations, to resident individuals who are 59 years old or above as at the date of deduction of AIT.
Read a July 2023 report [PDF 276 KB] prepared by the KPMG member firm in Sri Lanka
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