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Public_Rulings

Home :: Publications :: Public Rulings

Commissioner General's Public Rulings

The Public Rulings are provided by the Commissioner General of Inland Revenue under section 104 of the Inland Revenue Act, No. 24 of 2017, for the purpose of providing guidance to the general public and officers of the Inland Revenue Department.

It sets out the interpretation of the Commissioner General, in respect of the relevant provisions of the tax law, the policy and the procedure that is to be applied. A Public Ruling may be withdrawn, either wholly or in partly, by a notice of withdrawal or by a publication of a new ruling.

Income Tax (IT)

Guidance with regard to the applicability of provisions' of the Inland Revenue Act, No. 24 of 2017, as amended on the tax treatment in respect of foreign exchange gains and losses, which arise from domestic transactions and on cross border transactions denominated in foreign currency. - (PR/IT/2023/01)

Guidance with regard to the applicability of provisions of the Inland Revenue Act, No. 24 of 2017 (IR Act), as amended by the Inland Revenue (Amendment) Act, No. 10 of 202l (Amendment Act) to the Interest Income accruing to or derived by any person outside Sri Lanka from the Investment in Treasury Bills or Treasury Bonds. - (PR/IT/2022/01)

Guidance with regard to the applicability of provisions of the Inland Revenue Act, No. 24 of2017 (IR Act), as amended by the Inland Revenue (Amendment) Act, No. 10 of202l (Amendment Act) to persons who submit accounts for an alternative period other than the period of twelve months commencing on the first day of April of any year and ending on the thirty first day of March in the immediately succeeding year. - (PR/IT/2021/01)

Guidance with regard to the application of excluded items in paragraph (c) of Subsection (3) of section 5 of the Inland Revenue Act, No. 24 of 2017, in the event of calculating an Individual’s Income of Employment (PR/IT/2018/02_E)

The application of Inland Revenue Provisions in respect of the tax payers who have already obtained the approval from Commissioner General to make up their accounts for a period other than the year of assessment. - (PR/IT/2019/01_E)

Guidance with regard to the application of Inland Revenue provisions in the event of deducting Withholding Tax in accordance for the service provided by individuals - (PR/IT/2018/02_E)

Due dates of instalment payments of tax payable under Inland Revenue Act, No. 24 of 2017, for taxpayers who have been granted the approval to change the accounting period under the Inland Revenue Act, No. 10 of 2006. - (PR/IT/2018/01_E)

Last updated: 12-08-2021

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