Sri Lanka's Inland Revenue Department recently issued two notices in relation to the Tax on Voluntary Disclosure introduced by Finance Act No. 18 of 2021, Tax Immunity for Undisclosed Assets, Income or Taxable Supplies and Tax on Voluntary Disclosure, which are dated 6 October and 7 October 2021, respectively. As previously reported, under the TVD regime, qualifying taxpayers that voluntarily disclose undisclosed taxable supplies, income, or assets that should have been disclosed for taxabl…