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PN/TC/2020-03
08.04.2020
Notice to the Commercial Banks & Authorized Dealers Engaged in Outward Remittances and the Persons who make Outward Remittances


In order to check the Requirement of Tax Clearance Certificates for Outward Remittances

Click here

PN/PMT/2020-1
08.04.2020
Notice for Taxpayers


In order to check the Alternative Tax Payment System (ATPS) through Online Fund Transfer Facility

Click here

Recent VAT notice issued by the Department of Inland Revenue in relation to COVID-19


Dear Student,

On account of the prevailing situation in the country due to the outbreak of COVID 19, the Department of Inland Revenue has published the following notice in relation to Value Added Tax (VAT) on its website http://www.ird.gov.lk/

Click here

Ref:TEC/ACC/2020/04/01
Application Guidance for COVID-19 Pandamic: The Implications of Financial Reporting


The Coronovirus (COVID0-19) outbreak poses a serious public health treat. It has interrupted the movement of people and goods throughout the world, and many jurisdictions have imposed restrictions on individual and businesses. The resulting impact on financial reporting may be significant for many of the business organizations. The effect of the global pandemic will be widespread, and will shake many industries.

This pronouncement intend to provide guidance to the prepare of financial statement on the following areas that would arise due to the outbreak.

  • Financial Instrument
  • Fair Value Measurement of Equity Debt Instrument
  • Impairment of Assets
  • Going Concern
  • Events After the Reporting Period
  • Measurement of Deferred Taxes

To download the Application Guidance on COVID-19 Pandamic: The Implications on Financial Reporting. Please visit the Financial Reporting Guidelines & Rulings section via www.slaasc.lk/accounting

Recent notices issued by the Department of Inland Revenue in connection with COVID 19


Dear Student,

On account of the prevailing situation in the country, the Department of Inland Revenue has published the following notices on its website: click here