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Sri Lanka Publishes Notice on Implementation of Proposed Amendments to the Inland Revenue Act

|Approved Changes|Sri Lanka
Sri Lanka

On 19 February 2020, the Sri Lanka Inland Revenue published an amended version of a notice to taxpayers and withholding agents (WHA) first published on 12 February concerning the Implementation of Proposed Amendments to the Inland Revenue Act, No. 24 of 2017. Although the formal amendments are pending, the changes are generally effective from 1 January 2020 as instructed by the Ministry of Finance.

The notice includes the following (reproduced with some adjustments):

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1. Removal of Wi…

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