Breaking News

Special Gazette published for professionals in 14 different categories

A special gazette notification has been issued making it mandatory for professionals belonging to 14 categories to register themselves with the Inland Revenue Department (IRD).

The communiqué was issued by President Ranil Wickremesinghe on May 31, in his capacity as the Minister of Finance, Economic Stabilization & National Policies, pursuant to the powers vested in him under Sub Section 03 of Section 102 of the Inland Revenue Act No. 24 of 2017.

As per the gazette notification, employees whose monthly contribution from both employee and employer to any Provident Fund exceeds Rs. 20,000 are also required to register with the IRD.

Accordingly, the government has made it mandatory for the professionals belonging to the following 14 categories to register themselves with the IRD with effect from today (June 01):

1. Practitioners registered with the Sri Lanka Medical Council (SLMC)

2. Members of the Institute of Chartered Accountants of Sri Lanka

3. Members of the Institute of Certified Management Accountants of Sri Lanka

4. Members of the Institution of Engineers Sri Lanka

5. Members of the Association of Professional Bankers

6. Members of the Sri Lanka Institute of Architects

7. Members of the Institute of Quantity Surveyors Sri Lanka

8. Attorneys-at-Law of the Supreme Court of Sri Lanka

9. Individuals who have registered their businesses in Divisional Secretariats

10. Individuals who are in possession of vehicles registered (other than three-wheelers, motorcycles and hand tractors) in Motor Traffic Department

11. Individuals who have purchased or acquired, by virtue of Deeds Transfer, of any immovable property in Sri Lanka on or after April 01, 2018

12. Employees whose monthly contribution from both employee and employer to any Provident Fund is more than Rs. 20,000

13. Any individual who obtains approval for a building plan from a Local Authority

14. Any other individual who receives payment of Rs. 100,000 per month or Rs. 1,200,000 for a 12-month period for providing any services in Sri Lanka

In addition, any individual who does not belong to any of the aforementioned categories, but is aged 18 years or more as at December 31, 2023, or attains the age of 19 years on or after January 01, 2024, is also required to register themselves with the IRD.

Post Disclaimer | Support Us

Support Us

The sailanmuslim.com web site  entirely supported by individual donors and well wishers. If you regularly visit this site and wish to show your appreciation, or if you wish to see further development of sailanmuslim.com, please donate us

IMPORTANT : All content hosted on sailanmuslim.com is solely for non-commercial purposes and with the permission of original copyright holders. Any other use of the hosted content, such as for financial gain, requires express approval from the copyright owners.

Check Also

Sri Lanka ship fire: CEO of vessel operator speaks on environmental damage, compensation

Sri Lanka is fighting to avert a double ecological disaster. A burnt-out ship sinking off …

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.