Hi, recently(writing on 24th April 2020) government introduced some new tax schema called Advanced Personal Income Tax (APIT). Don't ask me what it is, I also have no idea.
But one thing I know is we have to pay that.
Paying taxes is not a bad thing, country needs money too, not just you.
So I'm sharing my journey of becoming a good tax payer of Sri Lanka. Hope this would help you too.
Following are the steps I followed, I also have a lot of questions in my mind. Let's see what we can figure out.
The first step would be to create an account. You may already have given consent to your employee to pay PAYEE and APIT taxes on behalf of you, but still you need an account.
Annually you can submit a tax return and if you are lucky you can get a refund 🤗
They say they will mail a notification within 5 days( previously I selected email as my preferred communication medium, save paper -> save trees 🌲 )
That's it for now folks. Happy paying taxes :)
But one thing I know is we have to pay that.
Paying taxes is not a bad thing, country needs money too, not just you.
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Following are the steps I followed, I also have a lot of questions in my mind. Let's see what we can figure out.
The first step would be to create an account. You may already have given consent to your employee to pay PAYEE and APIT taxes on behalf of you, but still you need an account.
Annually you can submit a tax return and if you are lucky you can get a refund 🤗
Create a new account if you don't have one
- Go to this link.
- Then from that drop of Registration type select INDIVIDUAL LOCAL
- You'll get a huge form to fill. Fill it carefully.
- You will be requested to upload an image of your NIC
- For the field of Purpose of registration what I select was TAX PURPOSE
- Once you submit you will be navigated to the the confirmation page
- Check all the details again.
- Fill the declaration and submit.
They say they will mail a notification within 5 days( previously I selected email as my preferred communication medium, save paper -> save trees 🌲 )
That's it for now folks. Happy paying taxes :)
PS: I am making this a living document, I will update more info when I receive the confirmation and other data.I am not a financial person, so everything will be on laymen's terms and this is an alien subject for me, therefore please correct me if something is wrong
