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Tax Education for the Modern Sri Lankan
Practical guides, compliance tips, and insights to help you navigate Sri Lankan tax law with confidence.
compliance
5% Withholding Tax on Professional Fees in Sri Lanka
Doctors, lawyers and IT consultants see 5% withheld on fees over Rs. 100,000 a month. Here's why under Section 85(1C), and how to claim it back as a credit.
Taxable Team8 min read
compliance
Sri Lanka Tax Penalties 2026: New IRA Amendment Guide
The 2026 Inland Revenue Act amendment introduces criminal prosecution for non-filers, fines up to Rs. 400,000, and new safe harbours. Plain-English guide.
Taxable Team6 min read
guides
Primary vs Secondary Employment Tax in Sri Lanka
If you have two jobs in Sri Lanka, only your primary employer applies the Rs. 1.8M personal relief. Here's how primary vs secondary APIT actually works.
Taxable Team7 min read
guides
APIT for Sri Lankan Employees: A Beginner's Guide
APIT is the monthly tax your Sri Lankan employer deducts from your salary. Here's how the math works, what your T10 means, and what you owe at year end.
Taxable Team6 min read
freelance
Home Office Expenses: A Sri Lankan Freelancer's Guide
When your home is your office, you can only deduct the business share of internet and electricity. Here's how Sri Lankan freelancers calculate the split.
Taxable Team6 min read
guides
Selling Property in Sri Lanka: Capital Gains Tax Guide
Selling investment property in Sri Lanka triggers a 10% capital gains tax due within one month. Learn how to calculate your gain and what changes in 2026.
Taxable Team7 min read
guides
Final vs Creditable Withholding Tax in Sri Lanka
Dividends are final. Interest, rent, and APIT are creditable. Here's the YoA 2025/2026 rulebook on which Sri Lankan WHT lands on your return and which doesn't.
Taxable Team7 min read
freelance
What Expenses Can a Sri Lankan Freelancer Deduct?
What can Sri Lankan freelancers deduct from their taxable income? A plain-language guide to business expenses, equipment write-offs, and home-office costs.
Taxable Team7 min read
compliance
Taxpayer Identification Number (TIN) in Sri Lanka: A Beginner's Guide
From April 2026, you'll need a TIN to open a bank account, get a credit card, or register a vehicle in Sri Lanka. Here's what a TIN is and how to get one.
Taxable Team7 min read
guides
Rent Relief in Sri Lanka: How Landlords Claim the 25% Deduction
Sri Lankan landlords can deduct 25% of rental income under Section 52 of the IRA. Here's who qualifies, what documents to keep, and a worked example.
Taxable Team8 min read
guides
Solar Tax Relief in Sri Lanka: Up to Rs. 600,000 a Year
Sri Lanka's solar tax relief lets you claim up to Rs. 600,000 each year on on-grid solar installations. Here's who qualifies and how to claim it.
Taxable Team8 min read
compliance
Why May 15, 2026 Matters for Sri Lankan Taxpayers
May 15, 2026 is the final quarterly tax instalment deadline for YoA 2025/2026 in Sri Lanka. Here's who owes, how much, and how to avoid penalties.
Taxable Team6 min read
compliance
SSCL Amendment 2026: Lower Threshold, New Exemptions
Sri Lanka's 2026 SSCL amendment lowers the registration threshold to LKR 9M per quarter and reshapes motor vehicle exemptions. Here's what changes from July 1.
Taxable Team10 min read
compliance
Quarterly Tax Payments in Sri Lanka: Your 2025/2026 Guide
Who must pay quarterly tax in Sri Lanka, when instalments are due, how to calculate amounts under the new 5-bracket system, and what penalties apply.
Taxable Team10 min read
guides
How to Calculate Your Income Tax in Sri Lanka
A step-by-step guide to calculating Sri Lankan income tax for 2025/2026, with real numbers, correct tax slabs, and a worked example you can follow.
Taxable Team10 min read
guides
Best Tax Software for Sri Lankans in 2026: What to Look For
Compare your options for managing Sri Lankan income tax: spreadsheets, tax consultants, and purpose-built platforms. A practical guide for individual taxpayers.
Taxable Team9 min read
guides
Working Remotely for a Foreign Company? Here's How Sri Lanka Taxes Your Salary in 2026.
A plain-English guide to Foreign Employment Income tax for Sri Lankan residents employed by overseas companies. Tax rates, monthly payments, and how to stay compliant.
Taxable Team10 min read
freelance
You Were Tax-Free. Now You're Not. Here's What Sri Lankan Freelancers Need to Know for 2026.
Everything freelancers and contractors earning foreign income need to know about Sri Lanka's new 15% tax rate, quarterly payments, and deductions from April 2025.
Taxable Team12 min read