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Non-compliance – advanced personnel income tax (APIT)

If employer has failed to deduct tax payments from the employment income or remit them to the Department of Inland Revenue of Sri Lanka, the following penalties and interests will be applied:

1. Ìý

   •ÌýÌýÌýÌý a penalty equal to 20% of the due tax, if there is a failure to pay or remit, all or part of tax within 14 days of the due date

2. Ìý

   •ÌýÌýÌýÌý an interest equal to 1.5% per month or part of a month on the amount of tax, if the tax is not paid by due date

Inland Revenue Act No 24 of 2017, Chas XVII and XV, (accessed at Gov.lk

A penal provision can be enforced to prosecute persons who have not submitted tax returns and the information required by tax officials (Treasury.go.uk).

Non-compliance – employee provident fund (EPF)

Surcharges will be added for:

1. Ìý

   •ÌýÌýÌýÌý late submission of contributions

2. Ìý

   •ÌýÌýÌýÌý underpayments

When the amount paid is less than the calculated contribution, a surcharge