Taxperts

🚨 Stay Ahead of the Curve: Navigating Sri Lanka's Latest Tax Updates! 🚨

The Inland Revenue (Amendment) Bill 2026 and the SSCL Bill are introducing significant changes to the tax landscape in Sri Lanka. To help businesses, professionals, and individuals understand these critical shifts, Taxperts has put together a comprehensive video breakdown.

Join Dr. Damith Gangodawilage (GMD/Chief Compliance Officer) as he navigates the key provisions and what they mean for your financial compliance.

📌 Key Highlights from the Presentation:

📉 SSCL Registration: The annual turnover threshold will be reduced from LKR 60 million to LKR 36 million (Effective April 1, 2026).

📈 Capital Gains Tax (CGT): Rates are increasing to 15% for individuals/partnerships and 30% for trusts and companies.

🪪 Mandatory TIN: A Taxpayer Identification Number will be strictly required for key transactions like opening bank accounts, registering vehicles, and transferring land starting April 1, 2026.

📋 Expanded WHT: Withholding Tax coverage is broadening to include a wide range of professionals and service providers.

🏛️ Audits & Deductions: Learn about new corporate deduction restrictions, document submission deadlines, and the "120% Assessment Rule."

🎥 Watch the full video to ensure you and your organization are prepared for these regulatory updates! Managing these changes doesn't have to be overwhelming. If you need clarity on how these amendments directly impact your business, our expert team is here to help.

📞 Get in touch with Taxperts for tailored tax advisory:
📱 0777 148 839
✉️ [email protected]
🌐 www.taxperts.lk
📍 101, Olcott Mawatha, Colombo 11