let me know the deduction list
let me know the deduction list for tax year 2025/26 in Sri lanka
Lalith Asked on Jul 17, 2025 11:22
kandy
let me know the deduction list for tax year 2025/26 in Sri lanka
Lalith Asked on Jul 17, 2025 11:22admin Jul 17, 2025 11:23
You can deduct utility bills, and expenses relevant to your job
Link to this replycan you let me know the list of expenses that need to be mentioned
Dilshan Asked on Jul 09, 2025 04:09Admin Jul 09, 2025 04:11
Common Deductible Expenses:
1. Office Rent
2. Electricity & Water Bills (if related to work)
3. Internet and Phone Bills
4. Stationery and Office Supplies
5. Software Subscriptions
6. Travel Expenses (work-related only)
7. Vehicle Expenses / Fuel (if used for business)
8. Depreciation of Assets (e.g., computer, phone, printer, router, AC, furniture)
9. Repairs & Maintenance (office equipment or tools)
10. Professional Fees (e.g., tax consultant, accountant, legal)
11. Marketing & Advertising
12. Bank Charges / Payment Gateway Fees
13. Training / Courses (if directly related to your work)
14. Insurance Premiums (if business-related)
15. Client Entertainment / Meetings (where allowed)
When is the last day for Q1 in the foreign currency earning category?
sadun Asked on Jul 08, 2025 04:26Admin Jul 09, 2025 04:28
Independent service providers are required to pay quarterly tax installments for the year 2025/26. The due date for the Q1 payment is 15th August 2025.
Link to this replyI am earning from youtube, Am I libale to pay income tax ?
Roshan Asked on Jul 08, 2025 03:29I am new to filing a tax return. Can someone tell me the steps?
Sunil Asked on Jul 07, 2025 09:58Harsha Jul 07, 2025 10:00
Visit the nearest IRD office in person, provide your National Identity Card (NIC), and you can request a TIN or PIN, as well as update your email address in the RAMIS system.
Link to this replykalpa Jul 07, 2025 13:44
Not the TIN or PIN
You should request both TIN and PIN, Otherwise you can't log to RAMIS