secretslasas.blogg.se - Salary slip sri lanka

Payment of telecommunication business as specified in section 73(1)(i).

Payment of transport business as specified in section 73(1)(h).

Payment of service fee or an insurance premium with a source in Sri LankaĢ% WHT deduction is required on the following payments made to any non resident person.

For any type of vocational services provided as an independent service provider**ġ4% WHT deduction is required on the following payments made to any non resident person.

For any service of construction work, security service, janitorial service, consultation work of any kind ,organizing of events, catering ,designers, dress makers, tour guidance, entertainment, agency functions or any similar services or connected work where such services are provided under an agreement or otherwise**.

For any service provided in the capacity of independent service providers such as doctors, engineers ,accountants ,lawyers ,software developers ,researchers ,academics or any other similar service**.In relation to the supply of any article on a contract basis through tender or quotation.As a commission or brokerage to a resident insurance ,sales or canvassing agent.For teaching ,lecturing ,examining ,invigilating or supervising an examination.Tax should be deducted from following payments made to any resident individual who is not an employee at 5% on amounts exceeding Rs.50,000 per month. WITHHOLDING UNDER SECTION 85 (SERVICE FEES & CONTRACT PAYMENTS) Payments or allocations that are exempted under Section 9.Īt the time of payment is made or credited to a bank account.Interest or discount paid on Security or Treasury bond under Registered Stocks and securities Ordinance (chapter 420) or treasury bill.Interest paid to financial institutions including banks on the ordinary loans and advances.Payments made by individuals, unless made in conducting a business.Payments subject to WHT as employment income.Tax deduction is not required for the following. Under this category, no threshold is applicable except interest paid to a senior citizen. Dividend, Royalty, winning from lottery etc.) WITHHOLDING UNDER SECTION 84 (INVESTMENT RETURNS) Income Based on Circular No.SEC/2018/06 dated issued by the Commissioner General of Inland Revenue, important points on withholding tax are given below.