Income Statement Format Sri Lanka

Sri lanka accounting standard for small and medium sized entities.

Income statement format sri lanka. Agents heads of the depts statutory bodies govt. 8 30am 4 15pm sat. Department of inland revenue sri lanka chittampalam a. Face of the income statement or in the notes 77 85 changes in equity 86 89 cash flow statement 90.

Posted on august 1 2019 by admin. Furnishing returns of income for the year of assessment 2019 2020 notice to. Statement of estimated income tax payable for the year of assessment 2019 2020 set tvrs of sri lanka etrs of singapore. Tax rates for year of assessment 2018 19 are as follows.

Sri lanka accounting standards are not intended to apply to immaterial items. Could have been titled statement of income and retained earnings two statements of. Sections 4 8 prescribe the format and content of the individual financial statements and notes. In a statement of estimated income tax payable set you basically estimate the total amount of tax you ll have to pay for the next financial year 2020 2021.

Non resident individuals are taxed only on their sri lanka source income. Valid till 31 december 2019. Backed by local knowledge through our offices in sri lanka bangladesh and india the team of consultants are ready to help you every step of the way. Gardiner mawatha colombo 02.

Statement of estimated income tax payable set e statement of estimated tax set credit schedule. Statement of estimated income tax payable year of assessment 2020 2021. Slas 3 47 notes to the financial statements 91 102 structure 91 96. Resident individuals are subject to income tax on their worldwide income.

Undertakings chief accountants and vat registered persons 02 11 2020 ird circular update. 9 00am 2 00pm 400 d r wijewardena mawatha colombo 10 sri lanka 011 2689208 09 011 2689615.