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Official IRD Regulatory Intelligence

Sri Lanka Tax News & IRD Regulatory Bulletins

Real-time circular updates, statutory tax bracket revisions, and RAMIS procedural notices from the Department of Inland Revenue (IRD), analyzed with actionable clarity by Roshan Mahendra Marcus, Chartered Accountant.

Verified by CA (Sri Lanka)Real-Time IRD Sync3 Published Bulletins

Latest Regulatory Releases (3)

Updated Daily
Personal Income Tax
Circular No. SEC/2025/0110 Oct 2026

IRD Notice: Statutory Personal Income Tax Free Allowance Increased to Rs. 1,800,000 for Y/A 2025/2026

The Inland Revenue Department of Sri Lanka has confirmed the revision of the personal tax-free allowance from Rs. 1,200,000 to Rs. 1,800,000 per annum (Rs. 150,000 per month), alongside newly adjusted progressive tax brackets ranging from 6% to 36%.

Key Statutory Takeaways:

  • Tax-free personal relief increased from Rs. 1.2M to Rs. 1.8M per annum (Rs. 150,000/month).
  • First progressive slab adjusted to Rs. 1,000,000 taxed at 6%.
  • Subsequent tax slabs of Rs. 500,000 each taxed progressively at 18%, 24%, 30%, and top balance at 36%.
Analysis by: Roshan Mahendra Marcus, Chartered Accountant
Read Full Circular Analysis
RAMIS & Administration
Notice No. PN/TIN/2024-0228 Sept 2026

Mandatory Taxpayer Identification Number (TIN) Registration Rules in Sri Lanka

Under the Inland Revenue Act amendments, TIN registration is strictly mandatory for all residents aged 18 and older, motor vehicle owners, real estate buyers, and professionals registered with statutory bodies.

Key Statutory Takeaways:

  • All Sri Lankan citizens attaining age 18 must register for an official TIN.
  • TIN is legally required for vehicle registrations, property transfers, and bank credit facilities.
  • Possession of a TIN does NOT automatically make an individual liable to pay tax unless assessable income exceeds statutory thresholds.
Analysis by: Roshan Mahendra Marcus, Chartered Accountant
Read Full Circular Analysis
VAT & Indirect
VAT Circular No. ACT/VAT/2024-0115 Sept 2026

Value Added Tax (VAT) at 18%: Thresholds, Exemptions and Filing Calendar

Comprehensive regulatory overview of Sri Lanka Value Added Tax (VAT) standard rate of 18%, mandatory registration thresholds, monthly/quarterly return deadlines, and input tax credit mechanics.

Key Statutory Takeaways:

  • Standard VAT rate remains maintained at 18%.
  • Mandatory registration threshold applies to taxable supplies exceeding Rs. 60,000,000 per annum (Rs. 15,000,000 per quarter).
  • Simplified VAT (SVAT) scheme available for qualified registered exporters.
Analysis by: Roshan Mahendra Marcus, Chartered Accountant
Read Full Circular Analysis
Chartered Tax Advisory

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