No April 30 deadline for WHT declarations: IRD Commissioner says

Colombo, April 30 (Daily Mirror) - The Commissioner General of the Inland Revenue Department (IRD) today denied a report circulating on social media claiming that April 30 is the last date for individuals subject to withholding tax (WHT) on interest income, but without taxable income, to submit their self-declaration to banks and financial institutions.

The Commissioner General clarified that a false claim is being spread, suggesting that April 30 is the deadline for submitting self-declarations for exemption from WHT deduction on interest income for individuals with no taxable income.

However, the Commissioner General emphasised that no such deadline has been set. 

The declaration (requesting exemption from WHT deduction) must be submitted before receiving interest payments on the relevant deposits.

He also clarified that a Taxpayer Identification Number (TIN) is not required to submit this declaration, subject to providing the other details requested by the IRD.