Sri Lanka's Inland Revenue Department (IRD) has issued a notice to taxpayers announcing that penalties for failing to file annual tax returns on time will not be imposed for the year of assessment 2019/2020 as long as returns are furnished by 28 February 2021.
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Furnishing Returns of Income for the Year of Assessment 2019/2020
According to the provisions of the Inland Revenue Act, No. 24 of 2017 (IRA) every person, who is liable for income tax shall file a return of income not later th…