– Notice – Statement of accounts of EPF members has been issued to Employers for First Half of 2023(dated 06/03/2024)-Central Bank of Sri Lanka.

– Notice – Providing various EPF related services to employees/workers on 16th and 17th of March 2024 (Mobile Service Progaramme- Polonnaruwa) (Sinhala Version) (dated 13/03/2024)-Ministry of Labour and Foreign Employment.

– Notice on payment of Advanced Personal Income Tax and Advance Income Tax / Withholding Tax (dated 12/03/2024) – Inland Revenue Department.

• The Inland Revenue Department issued a notice mandating the payment of withholding tax such as Advance Income Tax / Withholding Tax on Interest, Advance Income Tax / Withholding Tax on fees and other payments and Advance Personal Income Tax, which were withheld in February, on or before 15th March, 2024. Please refer to the notice for more details.

– Notification on the updated Rates of Exchange under Customs Ordinance (Chapter 235) (dated 11/03/2024) – Department of Customs.

• The Director General of Customs notified that all duties of Customs as well as other charges, penalties, and forfeitures incurred under the Customs Ordinance (Chapter 235), shall be paid, and received at the Rates of Exchange set out in the Schedule with effect from 11th March 2024. The notification relating to the Rates of Exchange published in Gazette Extraordinary, No. 2374/01 of 04th March 2024 is hereby rescinded. Please refer the notification for more details.

– Notification under the Special Commodity Levy Act, No.48 of 2007 (dated 01/03/2024) – Ministry of Finance, Economic Stabilization and National Policies.

• The Ministry of Finance, Economic Stabilization, and National Policies, vide a notification, waived the balance amount for imported dates under HS codes 0804.10.10 and 0804.10.20, and received as gifts or donations on a no-foreign-exchange basis. This Order shall be valid from 2nd March 2024 to 11th April 2024. Please refer the notification for more details.

– Notification on the updated Rates of Exchange under Customs Ordinance (Chapter 235) (dated 04/03/2024) – Department of Customs.

• The Director General of Customs notified that all duties of Customs as well as other charges, penalties, and forfeitures incurred under the Customs Ordinance (Chapter 235), shall be paid, and received at the Rates of Exchange set out in the Schedule with effect from 04th March 2024. The notification relating to the Rates of Exchange published in Gazette Extraordinary, No. 2373/01 of 26th February 2024 is hereby rescinded. Please refer the notification for more details.

– Notification under the Essential Public Service Act, No.61 of 1979 (dated 03/03/2024) – Government of Sri Lanka.

• Declared the supply of electricity and distribution of petroleum products & fuel as essential public services. Please refer the notification for more details.

– Press release regarding Colombo Consumer Price Index numbers (CCPI) for the month of February 2024(dated 29/02/2024)-Dept. of Census and Statistics.

– Notification on the Advance customs rulings on commodity classification regulations 01/2024 regulations under section 101 (Chapter 235) of the Customs Ordinance (dated 28/02/2024) – Ministry of Finance, Economic Stabilization and National Policies.

• The Ministry of Finance, Economic Stabilization and National Policies has issued the Advance customs rulings on commodity classification regulations 01/2024 under section 101 (Chapter 235) of the Customs Ordinance. This notification shall come into force with effect from 1st March 2024. Please refer the notification for more details.

– Notification on Imports Control Regulations on Payment Terms No.04 of 2024 (dated 28/02/2024) – Ministry of Finance, Economic Stabilization and National Policies.

• The Ministry of Finance, Economic Stabilization, and National Policies stated that the Imports Control Regulations on Payment Terms, No. 07 of 2022, are being amended by removing Regulation No. 6. This change takes effect on 29th February 2024. Please refer the notification for more details.

– Notice on payment of Value Added Tax on Financial Services (dated 19/02/2024) – Inland Revenue Department.

• The Inland Revenue Department vide a notice mandates the payment of Value Added Tax on Financial Services for the month of January, 2024 should be made on or before 20th February 2024. Please refer the notice for more details.

– Notice on payment of Value Added Tax(dated 19/02/2024) – Inland Revenue Department.

• The Inland Revenue Department mandates the payment of Value Added Tax for the month of January, 2024 should be on or before 20th February 2024. The Monthly VAT Return for the month January, 2024 needs to be filed on or before 29th February 2024. Please refer the notice for more details.

– Notice to taxpayers regarding payment of 3rd quarterly installments and withholding taxes (dated 09/02/2024) – Inland Revenue Department.

• The Inland Revenue Department issued a notice mandating the payment of 3rd Quarterly Installment for Corporate Income Tax, Individual Income Tax, Partnership Income Tax and withholding tax such as Advance Income Tax / Withholding Tax on Interest, Advance Income Tax / Withholding Tax on fees and other payments and Advance Personal Income Tax, which were withheld in January, on or before 15th February, 2024. Please refer the notice for more details.

– Notification on the Import and Exports (Control) Regulation No.03 of 2024 (dated 19/02/2024) – Ministry of Finance, Economic Stabilization and National Policies.

• The Ministry of Finance, Economic Stabilization and National Policies, vide a notification amended lmports and Exports (Control) Regulations No. o.1 of 2023,to implement the Import Control License (ICL) for the importation of goods listed in Schedule V of the regulations. This license can only be issued to an Approved Enterprise intending to process and re-export the goods, with a minimum of 35% local value addition. It is not permitted to use this license for any other forms of direct or indirect sale purposes. Please refer the notification for more details.

– Notification on the updated Rates of Exchange under Customs Ordinance (Chapter 235) (dated 19/02/2024) – Department of Customs.

• The Director General of Customs notified that all duties of Customs as well as other charges, penalties, and forfeitures incurred under the Customs Ordinance (Chapter 235), shall be paid, and received at the Rates of Exchange set out in the Schedule with effect from 19th February 2024. The notification relating to the Rates of Exchange published in Gazette Extraordinary, No. 2371/01 of 12th February 2024 is hereby rescinded. Please refer the notification for more details.