Business · Sri Lanka Bureau
Sri Lanka taxpayers face final deadline for 2025/26 income tax payments
Individuals subject to income tax in Sri Lanka have been issued a final notice to settle their 2025/26 year of assessment liabilities before the approaching deadline. Tax authorities have emphasized the urgency of compliance to avoid potential penalties.
LSN Sri Lanka ·
The Inland Revenue Board has reminded taxpayers that only two days remain to complete their final income tax payment for the 2025/26 assessment year. The notice underscores the importance of meeting the statutory deadline to ensure compliance with tax obligations and avoid late payment consequences.
Taxpayers are advised to process their payments through authorized banking channels and payment platforms designated by the revenue authorities. Documentation of payment receipts should be retained for record-keeping purposes and potential future reference with tax authorities.
The deadline represents the final opportunity for individuals to settle their current year tax liabilities without incurring additional interest or administrative penalties. Those who have not yet made their payments are urged to do so expeditiously to avoid complications.
The tax authority has indicated that all payments must be received by the specified closing date. Individuals experiencing difficulties in meeting their obligations are advised to contact the Inland Revenue Board for guidance on available options or payment arrangements before the deadline expires.