The new Inland Revenue Act No. 24 of 2017, which is effective from 1 April 2018, has been introduced in Sri Lanka and replaces the previous Inland Revenue Act No. 10 of 2006. The new Act introduces the capital gains tax (CGT) and withholding tax (WHT) on service fees payable to non-resident and resident individuals.
Last Reviewed - 17 February 2020