16/07/2026
π¨ Important Notice for All Taxpayers & Business Owners π¨
The Inland Revenue Department (IRD) has announced the implementation of new prosecution provisions under the Inland Revenue (Amendment) Act, No. 11 of 2026.
β οΈ Failure to comply with tax obligations may now lead to criminal prosecution.
Key compliance requirements include:
β
Register with the IRD (where applicable)
β
Submit Income Tax Returns on time
β
File Annual Statements, including WHT & APIT Returns
β
Respond promptly to IRD notices
π Good News: Before legal action is initiated, taxpayers will receive a 30-day notice to rectify any non-compliance. However, failure to comply within this period may result in:
β’ Fine up to Rs. 400,000
β’ Imprisonment up to 6 months
β’ Or both
πΌ Need Professional Tax Assistance?
At Accme Solutions, we help businesses and individuals stay compliant with Sri Lankan tax laws through:
β Income Tax Registration
β Tax Return Preparation & Filing
β Tax Compliance Reviews
β Advisory on IRD Requirements
β Corporate & Business Compliance Services
π 075 675 7865
Contact Accme Solutions today and ensure your tax affairs remain compliant and hassle-free.
(Source: Based on the Inland Revenue Department Public Notice regarding the Implementation of Prosecution Provisions under the Inland Revenue (Amendment) Act, No. 11 of 2026)