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Individual Taxes in Sri Lanka

Individuals who are non-residents would fall into the tax-paying bracket dependent on their residency status. If they have been in Sri Lanka for 183 days or more in a year, they would be considered as residents and be liable for taxation for that year.

If a person who is a non-resident in Sri Lanka derives his/her earnings from employment, business, investment or other sources within Sri Lanka, they will have to pay tax on it for that particular year.

Those holding dual-citizenship or non-resident workers would be bound to pay income tax on any income/profits derived from elsewhere (out of Sri Lanka) as per the guidelines of the Double Taxation Avoidance Treaties.

Tax Payments in Sri Lanka

For making your tax payments, follow the tax calendar particular to your situation.

It is as easy as filling in the proper paperwork and paying your taxes. The Sri Lankan Inland Revenue office offers a comprehensive guide.

Tax Refunds in Sri Lanka

For tax refunds, the process is simple but requires advance preparation of support documents. The Sri Lankan Inland Revenue office offers an easy overview.

VAT in Sri Lanka

Yes, Sri Lankan tax structure does involve VAT payments on those goods and services which are supplied within the country, imported or locally produced.

It entails a taxation at every stage of the production and distribution cycle, borne by the end consumer. Certain items, however, have been exempted from this indirect tax. ​The standard rate is 15%.