Approval granted to reclaim 45 hectares of land area within the Bay of Galle to facilitate infrastructure & real estate developments similar to Port City
#SriLanka's Port of Galle is to be developed as a major state-of-the-art tourism hub in the region by reclaiming the land
-ST
🚨Today Nov 30, Last Day to File Tax Returns for 2023/2024 Y/A! 🇱🇰
Nov 30, 2024, is the mandatory deadline for filing tax returns with Sri Lanka's Inland Revenue Department (IRD). If you have a TIN, filing is must:
⭕ No Income? File NIL Returns: Avoid penalties by filing a NIL return if you have no taxable income.
⭕ Late Filing Penalty: The higher of 5% of the unpaid tax (gap) plus 1% per month, or Rs. 50,000 plus Rs. 10,000 per month of delay.
⭕ Extended Audit Period: Filing today limits IRD assessments to 30 months (till May 2027). Filing late extends this window to 4+ years.
Note: Fraud Cases: No time limits on assessments for underreporting or evasion.
⭕ Non-Filing Penalty (Sec. 189): Fine up to Rs. 10M, imprisonment for 2 years, or both.
⭕ File your returns by midnight Today, to stay compliant. The IRD has decided to open its offices today, to assist taxpayers in meeting the deadline.
Here is a video that may help you navigate the RAMIS system & answer a few questions you may have about the process.
https://t.co/kghwrkG8Q7
Good luck 🙏
#SriLanka #TaxDeadline
📊 Top Misconceptions About Tax Returns in Sri Lanka 🇱🇰
❌“PAYE or APIT Deducted by the Employer Means No Return Filing Is Necessary”
❌“Fixed Deposit (FD) Taxes Are Fully Deducted by the Bank”
❌ “If I Don’t Have a TIN, I Don’t Need to File Returns”
Thread 🧵👇
The IMF has reached a Staff-Level Agreement with Sri Lanka 🇱🇰 on the 3rd review of its reform program supported by the IMF. Upon approval by our Executive Board, Sri Lanka will have access to $333 million in financing.
Our latest press release: https://t.co/rHxp1WBmKZ
“President Anura Dissanayake, I entrust to you the care of the beloved child that is Sri Lanka,” Incumbent President Ranil Wickremesinghe in a message to the country’s president elect. https://t.co/0RIxUhYVjx
President Anura Kumara Dissanayake : Dissanayake’s political career spans over three decades, beginning in 1988 as the National Organiser of the Social Students’ Association https://t.co/BcyaddoHlk
I might be wrong on this , but why anyone should reveal their votes on SM .. nowadays we cannot trust most of the SM channels as well 😖.. without knowing the reason for collecting our opinion base data it would not be good to reveal ..