The Sri Lanka Inland Revenue Department (IRD) has published the Inland Revenue (Amendment) Act No. 45 of 2022, which was approved in parliament on 9 December 2022, and certified on 19 December. In connection with the Act, the IRD has also issued notices to taxpayers providing an overview of the significant changes introduced by the Act as well as guidance in relation to amended personal income tax tables under the Act. Significant changes include the following:
- The deduction of withholdin…