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  • Diploma Level Application Form - Sri Lanka Institute Of Taxation

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SRI LANKA INSTITUTE OF TAXATION APPLICATION FOR REGISTRATION AS A STUDENT For Office Use Only Reg No.: 20//Please complete the form in BLOCK CAPITALS 1.I. Full Name (Mr./Mrs./Ms.)Date :: II. Address:.

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The Tax is levied on the Income of any person arising in or derived from Sri Lanka. A resident is taxable on world income, and any other person is taxable only on income arising or derived in Sri Lanka.

Tax Year 2022 Filing Thresholds by Filing Status Filing StatusTaxpayer age at the end of 2022A taxpayer must file a return if their gross income was at least: single under 65 $12,950 single 65 or older $14,700 head of household under 65 $19,400 head of household 65 or older $21,1506 more rows

ing to the Presidential Media Division, only individuals earning more than Rs. 100,000 per month will be liable to pay income tax.

Payroll Contributions Employees will be taxed at a progressive income tax rate ranging from 6 to 18 percent. Sri Lanka follows a PAYE system – Pay as you earn. Hence, the companies must immediately deduct Sri Lanka payroll taxes from employees' paychecks.

Go to the IRD Sri Lanka website and select your preferred language. On the main menu under e-Services, click on 'access to e-Services' and select 'Click on Taxpayer Registration: To register as a Taxpayer and obtain your TIN'. A detailed form will appear below (see the below image for example).

If your monthly earnings surpass 250,000 LKR, or 3,000,000 LKR annually, you are liable to pay income tax. The following sources of income will be considered as part of your taxable income: Employment Income. Business Income.

Taxable Income Per Annum Cumulative Gross Profits From Employment (Including Bonus)Rate (%) First LKR 1,200, 000 Tax Free Next LKR 500, 000 6% Next LKR 500, 000 12% Next LKR 500, 000 18%3 more rows • Jan 10, 2023

In an attempt to raise government revenue, the VAT rate on applicable goods and services increased from 15% to 18% starting 01st January 2024.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232