Sri Lanka extends deadline to file income returns as Coronavirus spikes

ECONOMYNEXT – Sri Lanka has extended a last date to file income tax returns without a penalty to February 28, 2020, the Department of inland Revenue said.

Sri Lanka income tax payers have to file their returns before November 30 or face penalties.

“However, the prevailing Covid-19 pandemic situation of the country may cause difficulties to taxpayers and approved accountants for furnishing returns of income as per the aforesaid statutory requirement,” the Inland Revenue Department said.

The deadline has been extended to February 2020.

The full state is reproduced below:

According to the provisions of the Inland Revenue Act, No. 24 of 2017 (IRA) every person, who is liable for income tax shall file a return of income not later than eight months after the end of each year of
assessment. Therefore, last date to furnish the Return of Income for the year of assessment 2019/2020 is November 30, 2020.

However, the prevailing Covid-19 pandemic situation of the country may cause difficulties to taxpayers and approved accountants for furnishing returns of income as per the aforesaid statutory requirement.

Taking into consideration such reasonable difficulties, taxpayers and approved accountants are informed that penalties for failure to file a return on time as provided in IRA will not be imposed, where the
Return of Income for the Year of Assessment 2019/2020 is furnished on or before February 28, 2021.

Commissioner General of Inland Revenue

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