Fri, 01 Mar 2024 Today's Paper

Annual income report should be submitted before Nov. 30: IRD

30 November 2023 04:00 am - 5     - {{hitsCtrl.values.hits}}

A A A

According to the officials from the Inland Revenue Department (IRD), the existing Inland Revenue Law mandates the submission of the annual income report, for the assessment year 2022/2023 (from April 01, 2022 to March 31, 2023), to the department by November 30. 

Failure to comply will result in a fine of Rs.50,000 and 5 percent of the tax payable for individuals maintaining tax files without meeting the deadline.

This information was conveyed during a workshop held in Parliament on Monday, organised by the Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis. The workshop focused on the completion of the annual income report and online submissions to the IRD, with contributions from the 
department resources.

Chaired by Committee Chair Gamini Waleboda, Member of Parliament, the workshop was attended by state ministers, Members of Parliament and parliamentary officials. The IRD was represented by Senior Commissioner Sujeewa Senadheera, Senior Deputy Commissioner Nandana Kumara and Senior Deputy Commissioner M.H.D. Meneripitiya.

The workshop aimed to raise awareness about the provision of income reports under the current income tax law and the consequences of non-compliance. Practical demonstrations were provided on completing the income report through the IRD’s website and submitting it online to the department’s computer system. 
Members of Parliament engaged with the officials, seeking clarifications on the potential issues arising during the report submission process.


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 5

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka
  • Priya Thursday, 30 November 2023 10:15 AM

    Why people should pay taxes to maintain corrupt politicians and inefficient government servants. ?

    Gihan Samarasinghe Thursday, 30 November 2023 12:27 PM

    The IRD computer systems are malfunctioning and on line submissions impossible. Government has to ensure professional approach in developing the tax collection system to be efficient and tax payer friendly.

    Test user Thursday, 30 November 2023 06:02 PM

    Why did you wait untill last minute for that?

    IRSHAD Thursday, 30 November 2023 01:53 PM

    THERE SYSTEM IS NOT WORKING AS AT NOW 13.52 2023/11/30 KEEP POPPING UP AN ERROR. LOT OF PEOPLE HAVING THIS ERROR WHO SUBMIT ONLINE IIT RETURN

    Navi Thursday, 30 November 2023 08:43 PM

    Why should anyone submit annual income for the financial year. Also, income tax document should be based on the National Identity Card number. If the IRD need returns, forms with relevant questionnaire must be sent to the individual covering all aspects of income in question form. I do not think anyone is aware what info to file and how exactly to do it?


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka