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According to the IRD announcement,VAT Registration of persons of whose taxable supply has never exceeded Rs.75 million for any taxable period ended prior to December 31, 2019, will be inactivated with effect from January 01, 2020 if any any one who entire above condition,such persons will also be inactivated with effect from January 01, 2020 …
”Notice given to RIPs – Inactivation of SVAT Registration“ Read More »
Maintaining of completed and updated taxpayer profile is helpful in complying with tax related matters and regulations without undue hassle. Moreover, obtaining the relevant services through e-Services enables you to avoid personally visiting the department on multiple occasions. Find the IRD guidelines here
PAYE system which was available under Inland Revenue Act No.24 of 2017 continued only up to 31st December 2019.Changes to PAYE system from 27th November 2019 are as follows. 27.11.2019-Monthly PAYE liable limit has been increased to Rs.250,000 from Rs.100,000 as per the notice issued by Ministry of Finance 01.12.2019-IRD issued a Notice on implementing …
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