Orbitax subscribers can now easily follow the latest COVID-19-related tax measures being implemented worldwide. New to Orbitax? Create a free account to access your dashboard and latest tax news.
News Share

The Tax Hub

Daily Tax Newsletter

Sri Lanka

Responsive image

Sri Lanka Inland Revenue Issues Notices on Further Extension of Tax Return Submission Deadlines and VAT Exemption for Tour Operators

Sri Lanka Inland Revenue has issued a notice to taxpayers on the further extension of tax return submission deadlines due to the prevailing (COVID-19) situation in the country. This includes that the deadlines for the following are extended to 15 July 2020:

  • Annual Declaration of Employer (PAYE Tax Return) - Y/A 2019/2020
  • Annual Statement of Withholding Tax (WHT) - Y/A 2019/2020
  • Economic Service Charge (ESC) Return - Y/A 2019/2020
  • Compounded Stamp Duty Return for the quarter ending 31 March 2020
  • Value Added Tax on Financial Services (VAT on FS) Interim Estimate for the last six months of the Year of Assessment 2019/2020 (financial institutions which submit returns on year of assessment basis)
  • Value Added Tax returns for the months of February, March, and April, and the quarter ending 31 March 2020 (includes the addition of April as compared to the prior extension)

Note, the prior extension was to 31 May 2020, including for the Transfer Pricing Disclosure Form for the Y/A 2018/2019. This has not been further extended in the latest notice.

In addition to the notice on further return deadline extensions, Inland Revenue has also issued a separate notice to tour operators registered with Sri Lanka Tourism Development Authority regarding a VAT exemption. This includes that the supply of services in respect of inbound tours by a travel agent registered with the Sri Lanka Tourism Development Authority is exempt from VAT with effect from 1 April 2020, subject to formal amendments to be passed in Parliament.

Powerful Tax Tools


FX Rates

Global FX Rates including Tax Year Average FX Rates and Spot Rates for all Reporting Currencies.


Corporate Tax Rates

Corporate tax rates, surtaxes, and effective tax rates for the current year, as well as historical rates and approved future rates.


Country Analysis

Detailed tax guidance for companies doing business in over 100 countries, including summaries and snapshots of key tax facts and issues.


Cross Border Tax Calculator

Calculate total tax costs and benefits of a cross border transaction including withholding tax, participation exemption and foreign tax credit rules.


Cross Border Tax Rates

Provides Domestic, treaty and EU cross border tax rates for over 5,000 country combinations for 9 different payment streams.



Complete overview of the OECD BEPS Project, including daily BEPS news, country adoption of BEPS measures, and an overview of the 15 BEPS Actions.


Tax Calendar

Customizable calendar tool that tracks corporate income tax, value added tax and transfer pricing obligations by country or entity.


Tax Forms

English translations of key tax forms for over 80 countries, including tax return forms, treaty benefit forms, withholding tax forms, and more.


Worldwide Tax Treaties

Repository including thousands of tax treaties (in English), OECD, UN and US Models, relevant EU Directives, Technical Explanations, and more.


Worldwide Tax Planner

Calculates the worldwide tax cost of what-if scenarios based on legal entity structure, taxable income, and cross border transactions.


Certified Rates Report

Customizable Certified Rates Report providing updated corporate and withholding tax rates at the end of each month for over 100 countries.


Withholding Tax Minimizer

Enables quick calculation of tax costs and benefits of cross border transactions considering all possible transaction combinations and optimal routes.


VAT Rates

Provides value added tax (VAT) rates, goods and services tax (GST) rates and other indirect tax rates for over 100 countries.


NOL Calculator

Country specific calculator to determine how net operating losses can be utilized in carryback and carryforward years.


Transfer Pricing Calculator

Calculates TP ratios under various TP methods and calculates the difference between target ratios and actual ratios.


Individual Income Tax Rates

Individual tax rates for over 100 countries.

Play of the Day

Translate Documents

English translations of key tax forms for over 80 countries, including tax return forms, treaty benefit forms, withholding tax forms, and more.

We’re here to help

We’re here to answer any questions you have about the Orbitax products and services.

Send us a message

Who’s behind Orbitax?

We’re committed to providing high value, low cost tax research and management solutions.

Learn More