Sri Lanka's Inland Revenue Department recently issued a notice reminding taxpayers that the tax on voluntary disclosure is valid until 31 March 2022.
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Tax on Voluntary Disclosure (TVD) - Finance Act, No. 18 of 2021
Valid till March 31, 2022
Declare undisclosed taxable supply, income or asset by paying 1% tax and avoid investigation, interest, penalty or prosecution on any undisclosed amounts
Explanatory Notes for imposition of Tax on Voluntary Disclosure and a Guideline on the mann…