Sri Lanka: Inland Revenue (Amendment) Bill 2023 enacted

Effective from 1 April 2023

Effective from 1 April 2023

The Inland Revenue (Amendment) Act No. 14 of 2023, amending the Inland Revenue Act No. 24 of 2017, was certified by the Speaker on 8 September 2023 and is effective from 1 April 2023. For prior coverage, read TaxNewsFlash.

The Act amends the tax rates of the Employees Trust Funds, Provident, Pension or Gratuity Funds, and Termination Funds.

Read a September 2023 report [PDF 238 KB] prepared by the KPMG member firm in Sri Lanka



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