Stamp duty ordinance was enacted in Sri Lanka in 1909. Thereafter in 1982 Parliament enacted No。 43 of Stamp Duty Act to provide for the imposition of stamp duty on instruments and documents and for matters connected therewith or incidental thereto.
Stamp Duties on immovable property and certain movable properties were devolved to the Provincial Councils by the 13th Amendment to the Constitution and stamp duties administered by the central government was suspended with effect from 1st May 2002. The government reintroduced stamp duty and enacted Stamp Duty (Special Provisions) Act No. 12 of 2006, but for only ten instruments.
Those specified instruments are :
Stamp Duty is charged, under Stamp Duty (Special Provisions) Act No。 12 of 2006 as amended by (Amendment) Act No。 10 of 2008 and 13 of 2011 at specified rates, on every specified Instrument,
For the purpose of compounding, registration should be obtained from the Department of Inland Revenue. The following persons should obtain the registration.
The compounding Authority required compounding the relevant Stamp Duty and make the remittances to the Commissioner General of Inland Revenue quarterly within 15 days from the end of the quarter. A
separate schedule should be maintained for each instrument category as follows.
Stamp Duty Period: ……… (Separate schedule should be maintained for the deferent period).
Name of the Instrument:
(Policies of Insurance, License, Liquor License, Notary License, Other License, Credit card transactions, Salary receipts, Receipts & Discharges, Bonds & Mortgages, Promissory Notes, and Lease, Rent & Hire).
Stamp duty can be paid -
Use system printed pay-in- slips that have been issued by Inland Revenue Department for each quarter, to settle the Stamp Duty liability of that quarter. In the absence of system printed pay-in-slips, you are instructed to enter payment period code correctly in the pay-in-slip manually obtained.
For the quarter ended 31/12/2021
Inland Revenue Department, Sri Lanka,
Chittampalam A. Gardiner Mawatha, Colombo 02.
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