The Inland Revenue Department (IRD) today reiterated that all individuals and businesses registered for income tax must submit their 2024/2025 Year of Assessment returns online by November 30, 2025. 

The Department warned that failure to meet the deadline may lead to legal consequences under the Inland Revenue Act No. 24 of 2017, including penalties, interest and possible audits against defaulters.  

Taxpayers across all categories, individuals, corporations, partnerships and other registered entities, are required to comply. The IRD said its online e-filing portal is fully operational for the submission of returns.  

The IRD urged those facing difficulties to contact the helpline at 1944 or visit the nearest regional office for assistance. 

As a reminder, this filing requirement applies even for those under the simplified Individual Income Tax (IIT) scheme, or those required to submit corporate or partnership income tax returns for the 2024/2025 assessment year. (Newswire)

The post IRD sets November 30 deadline for 2024/2025 income tax returns appeared first on Newswire.

The Inland Revenue Department has issued a public notice urging the submission of income tax returns for the 2024/2025 assessment year by the end of November.

According to the Department, all individuals registered for income tax, under the specified assessment year, are required to submit their tax returns online on or before November 30.

The Department warned that failure to comply with the deadline may result in legal action under the Inland Revenue Act No. 24 of 2017.

Further information can be obtained by calling 1944, visiting the official website at www.ird.gov.lk, or contacting the nearest regional office of the Inland Revenue Department. (Newswire)

The post Tax returns : Important notice from IRD appeared first on Newswire.