V M Accounting Services

20/05/2026

19/05/2026

🚨 IMPORTANT NOTICE – TAX COMPLIANCE ALERT 🚨

⚠️ Attention all taxpayers and business owners ⚠️

Please take note of the Sri Lanka Tax Calendar deadlines and ensure all VAT, PAYE/APIT, WHT, ESC, and Income Tax obligations are settled on time.

📌 KEY REMINDERS:
✔️ VAT payment & return – Due on or before 20th of following month
✔️ PAYE / APIT – Due on or before 15th
✔️ WHT payments – Due on or before 15th
✔️ ESC & Income Tax installments – As per IRD schedule

⛔ Late payments or non-compliance may lead to:
❌ Penalties
❌ Interest charges
❌ IRD notices and legal action

📢 STAY COMPLIANT. STAY PROTECTED.

For professional tax support & accounting services, contact:

📞 0777657526
💬 WhatsApp: 0777657526
📧 [email protected]
🏢 V M Accounting Service

19/05/2026

📢 NOTICE TO TAXPAYERS – VAT PAYMENT REMINDER 📢

This is a friendly reminder that the VAT payment for the month of April 2026 should be made on or before 📅 20 May 2026.

🧾 Tax Type Code: 70
🧾 Period Code: 26140
🧾 Payment Category: S

✅ Make your payments on time to avoid penalties and remain compliant with IRD regulations.

Stay responsible. Stay compliant. ✔️

19/05/2026

🚨 BREAKING NEWS 🚨

President Anura Kumara Dissanayake, in his capacity as Minister of Finance, has ordered the imposition of a 50% Customs Duty Surcharge on vehicle imports effective from 15.05.2026.

🚗 This decision is expected to significantly impact:
📌 Vehicle import costs
📌 Market prices of new vehicles
📌 Automobile industry businesses
📌 Buyers planning to import vehicles

📈 Industry experts expect a noticeable increase in vehicle prices in the coming weeks as importers adjust to the new tax structure.

⚠️ If you are planning to purchase or import a vehicle, it is advisable to stay updated with official gazette notifications and customs regulations.

What are your thoughts on this latest decision? 🤔

19/05/2026

🚨 IRD NOTICE ISSUED – Don’t Ignore It! 🚨

Failing to comply with Inland Revenue Department (IRD) requirements can lead to heavy penalties, legal action, and unnecessary stress. Stay informed and protect yourself and your business today.

⚠️ Possible Penalties Include:
📌 Late or failure to file tax returns
📌 Failure to register for a TIN
📌 Ignoring IRD notices and communications

💰 Penalties can go up to Rs. 400,000 depending on the non-compliance.

✅ Check your TIN status
✅ File returns on time
✅ Respond promptly to IRD notices
✅ Keep your tax records updated

Tax compliance is your responsibility. Avoid delays and stay protected.

07/05/2026

📌 What is SSCL in Sri Lanka?

SSCL (Social Security Contribution Levy) is a tax introduced by the Sri Lankan government from 1st October 2022. It mainly applies to businesses based on their turnover.

✅ Current SSCL Rate: 2.5%

Businesses involved in importing, manufacturing, services, wholesale, and retail trading may be required to register and pay SSCL if their turnover exceeds the required threshold.

💡 Example:
If a company has a turnover of Rs. 10 million, the SSCL payable would be Rs. 250,000.

SSCL returns are filed quarterly through the Inland Revenue Department (IRD).

Many businesses now include SSCL together with VAT and service charges in customer invoices and bills.

Send a message to learn more

28/04/2026

🧾 Personal Income Tax Filing Made Easy!

Tax season doesn’t have to be stressful. Let us help you prepare and file your personal income taxes accurately and on time ✅

Our services include:
✔ Income tax registration
✔ Tax return preparation
✔ Tax filing assistance
✔ IRD compliance support
✔ Tax consultation

Avoid penalties and save time by getting professional assistance today!

📞 Contact us now for hassle-free tax preparation support. 077 765 7526

28/04/2026

🚨 IMPORTANT TAX UPDATE – Sri Lanka 🇱🇰

The Inland Revenue Department (IRD) has introduced key tax changes you need to know in 2026:

✅ Capital Gains Tax increase
Individual & partnership CGT proposed to increase from 10% → 15%

✅ New income tax installment system
Tax payments may now be based on the previous year’s tax liability

✅ No more tax estimate filing
From April 2026, taxpayers may no longer need to submit estimated tax statements

✅ Updated Withholding Tax rules
Freelancers, service providers & businesses should review new WHT obligations

✅ VAT invoice changes
New standardized VAT invoice requirements have been introduced (implementation updates ongoing)

⚠️ Stay compliant. Avoid penalties. Review your tax obligations today!

📞 Contact your tax advisor for guidance
077 765 7526

20/10/2024

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0777657526

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