ATC Corporate

Wishing everyone a peaceful and blessed Poya Day! 🌕✨

As we reflect on tranquility, clarity, and harmony, let us focus on what we can transform and let go of what we cannot control.

At ATC Corporate, we help you navigate your financial landscape with confidence so you can focus on growing your business seamlessly.

Our Core Services:

Tax Consultancy
Bookkeeping Services
Financial Consultancy
Audit & Assurance
Investment Advisory Services

Stay Compliant. Stay Confident. Stay Ahead. 💼

📞 Contact Us: 011 281 8269 / 070 300 7831
📧 Email: [email protected]
🌐 Website: www.atcs.lk
📍 Location: Nugegoda, Colombo



Inland Revenue Department - Sri Lanka ATC Corporate

𝕋𝔸𝕏 ℝ𝔼𝕄𝕀ℕ𝔻𝔼ℝ – 𝕐/𝔸 𝟚𝟘𝟚𝟞/𝟚𝟘𝟚𝟟

⏰ Due Date: 15th August 2026

Don’t miss your 1st Installment of Income Tax deadline for Y/A 2026/2027.

✅ Corporate Income Tax
✅ Individual Income Tax
✅ Partnership Income Tax
✅ Statement of Estimated Tax (SET)
✅ APIT Payment – July 2026
✅ AIT/WHT on Interest
✅ AIT/WHT on Fees & Others

📌 File on time. Stay compliant!

Need professional assistance with your tax obligations?

Our Services:
🔹 Tax Consultancy
🔹 Bookkeeping Services
🔹 Financial Consultancy
🔹 Audit & Assurance
🔹 Investment Advisory Services

📞 011 281 8269 | 070 300 7831 | 071 521 7978
📧 [email protected]
🌐 www.atcs.lk
📍 Nugegoda, Colombo



Inland Revenue Department - Sri Lanka ATC Corporate

📢 IMPORTANT TAX UPDATE – QUARTERLY INCOME TAX INSTALMENTS

The Inland Revenue Department (IRD) has issued a Revised Circular on Calculating Quarterly Income Tax Instalments under Section 90 of the Inland Revenue Act No. 24 of 2017 (as amended).

📌 Applicable from Y/A 2026/2027

📅 QUARTERLY INSTALMENT DUE DATES

🔹 1st Instalment: On or before 15 August 2026
🔹 2nd Instalment: On or before 15 November 2026
🔹 3rd Instalment: On or before 15 February 2027
🔹 4th Instalment: On or before 15 May 2027

🧮 HOW IS THE INSTALMENT CALCULATED?

The quarterly instalment is calculated using:

(A – C) ÷ B

Where:
A – Tax payable on taxable income for the immediately preceding Year of Assessment
B – Number of instalments remaining, including the current instalment
C – Tax already paid/credited during the current year, including previous instalments, WHT and AIT credits.

⚠️ Important: Underpayment, late payment or non-payment may result in interest and penalties.

💼 Need professional assistance?
Let ATC Corporate assist you with your tax obligations, bookkeeping, financial consultancy, audit & assurance, and investment advisory services.

📞 011 281 8269 | 070 300 7831 | 071 521 7978
📧 [email protected]
🌐 www.atcs.lk
📍 Nugегoda, Colombo



Inland Revenue Department - Sri Lanka ATC Corporate

⏰ ℝ𝕖𝕞𝕚𝕟𝕕𝕖𝕣: 𝔹𝕖𝕥𝕥𝕚𝕟𝕘 & 𝔾𝕒𝕞𝕚𝕟𝕘 𝔾𝕣𝕠𝕤𝕤 ℂ𝕠𝕝𝕝𝕖𝕔𝕥𝕚𝕠𝕟 ℙ𝕒𝕪𝕞𝕖𝕟𝕥 – 𝕁𝕦𝕝𝕪 𝟚𝟘𝟚𝟞

The deadline for the Betting & Gaming Gross Collection Payment (18% of Turnover) is 7th August 2026.

Stay compliant by submitting your payment on time and avoid unnecessary penalties. Whether you need assistance with tax compliance, bookkeeping, financial consultancy, audit & assurance, or investment advisory, our experienced professionals are here to support your business every step of the way.

📞 Contact ATC Corporate
☎️ 011 281 8269 | 070 300 7831 | 071 521 7978
📍 Nugegoda, Colombo
📧 [email protected]
🌐 www.atcs.lk



Inland Revenue Department - Sri Lanka ATC Corporate

📢 IRD TAX UPDATE 2026

Quarterly Income Tax Instalment Calculation – New Circular

The Inland Revenue Department has issued Circular No. SEC/2026/E/06 explaining the method for calculating Quarterly Income Tax Instalments under Section 90 of the Inland Revenue Act, No. 24 of 2017 (as amended).

📅 Applicable From

Year of Assessment 2026/2027 onwards

📌 Quarterly Due Dates
✅ 1st Instalment – On or before 15 August
✅ 2nd Instalment – On or before 15 November
✅ 3rd Instalment – On or before 15 February
✅ 4th Instalment – On or before 15 May (following year)

🧮 New Calculation Formula
Quarterly Instalment = (A − C) ÷ B
Where:

A = Gross Income Tax payable for the immediately preceding Year of Assessment (before tax credits)

B = Number of instalments remaining (including the current instalment)

C = Total tax already paid or available as credits before the instalment due date, including:

Previous instalment payments
Advance Income Tax (AIT)
Withholding Tax (WHT)
Eligible Foreign Tax Credits

⚠️ Important
✔ Ensure your quarterly tax instalments are calculated accurately.
✔ Make payments before the statutory due dates to avoid penalties and interest.
✔ Review the new IRD Circular and consult your tax advisor if required.

Need Professional Tax Assistance?
ATC Corporate Services (Pvt) Ltd
📞 011 281 8269 | 070 300 7831 | 071 521 7978
📍 Nugegoda, Colombo
📧 [email protected]
🌐 www.atcs.lk



Inland Revenue Department - Sri Lanka ATC Corporate

🎲 𝔹𝕖𝕥𝕥𝕚𝕟𝕘 & 𝔾𝕒𝕞𝕚𝕟𝕘 𝕋𝕒𝕩 𝕂𝕟𝕠𝕨𝕝𝕖𝕕𝕘𝕖 – 𝕊𝕥𝕒𝕪 ℂ𝕠𝕞𝕡𝕝𝕚𝕒𝕟𝕥, 𝕊𝕥𝕒𝕪 𝔸𝕙𝕖𝕒𝕕 📊

Operating a betting or gaming business in Sri Lanka comes with important tax responsibilities. Understanding your obligations helps you avoid penalties, maintain compliance, and build a sustainable business.

Key tax areas every betting & gaming business should know:
✅ Gaming Tax (Turnover Tax)
✅ Inland Revenue Tax (Income Tax)
✅ Value Added Tax (VAT)
✅ Withholding Tax (WHT)

At ATC Corporate, we provide professional tax advisory, bookkeeping, audit, financial consultancy, and compliance support tailored to your business.

📞 Contact us today for professional assistance.
📍 Nugegoda, Colombo
📞 011 281 8269 | 070 300 7831 | 071 521 7978
📧 [email protected]
🌐 www.atcs.lk

📚 𝕍𝔸𝕋 𝕂𝕟𝕠𝕨𝕝𝕖𝕕𝕘𝕖 – 𝕊𝕣𝕚 𝕃𝕒𝕟𝕜𝕒 🇱🇰

Understanding Value Added Tax (VAT) is essential for every business. Staying compliant with VAT regulations helps your business avoid penalties, maintain accurate financial records, and build credibility.

Key VAT Facts:

✅ Standard VAT Rate: 18%
✅ VAT applies to the supply of taxable goods and services and the importation of goods.
✅ Businesses exceeding the VAT registration threshold must register with the Inland Revenue Department (IRD).
✅ Eligible exports and certain specified supplies may qualify for 0% VAT.

At ATC Corporate, our team of Professional Tax Consultants & Chartered Accountants is ready to assist you with:

✔ VAT Registration
✔ VAT Return Filing
✔ VAT Advisory & Compliance
✔ VAT Audits & Tax Planning
✔ Bookkeeping & Accounting Services

📞 Call: 011 281 8269 | 070 300 7831 | 071 521 7978
📍 Location: Nugegoda, Colombo
📧 Email: [email protected]
🌐 Website: www.atcs.lk

Stay compliant today and build a stronger business for tomorrow.



Inland Revenue Department - Sri Lanka ATC Corporate