Sri Lanka's Inland Revenue Department (IRD) issued an income tax notice on 9 November 2020 regarding the second installment payment of income tax for the year of assessment (YA) 2020/2021, which is due on 15 November 2020. Installment payments are required to be paid by individuals, partnerships, companies, etc. that are liable to pay income tax. Payments can be made to any branch of the Bank of Ceylon or online through the Alternative Tax Payment System (ATPS). Penalties and interest for no…