A Complete SME Tax Guide in Sri Lanka – 2026
Business Registration & Tax Structure • Sole Proprietorship -Taxed under Individual Income Tax (IIT) • Limited Liability Companies -Taxed under Corporate Income Tax (CIT) • Tax Year (Year of Assessment) – Begins 01st April and ends 31st March of the following year Income Tax A) Individual Income Tax (IIT) Slabs Calculated progressively based on net […]