Sri Lanka's Inland Revenue Department (IRD) has issued a notice to taxpayers on the submission of the Statement of Tax Payable (SET Form) for the year of assessment (YA) 2020/2021. The notice includes that every person that is liable to pay income tax for YA 2020/2021 is required to submit the SET form by 15 August 2020, including individuals whose estimated taxable income is expected to exceed LKR 3 million and entities that expect to have taxable income, including companies, partnerships, …