COLOMBO : A notification dated 1st June 2021 has been issued by Commissioner General of Inland Revenue (CGIR) extending the deadline for certain tax payments up to 30th June 2021 due to the current pandemic situation.
The notice is issued to the attention of the ETF Board, Provident Funds and Employers who have retained the Tax on Terminal Benefits to Retiring Employees.
The notification reads;
“Any amount retained by the Employees’ Trust Fund (ETF) Board, any Provident Fund or Employer (hereinafter referred to as the “Retainers”) as per the Guideline published by Circular No. SEC/2020/02 of the Commissioner General of Inland Revenue, dated 18.02.2020 as Income Tax on terminal benefits due for the retiring employees, for which such employees were required to produce a Direction from the Inland Revenue Department within 90 days from the date of such retention of Tax, and if that 90 days period expires on or after May 11, 2021, such 90 days period for retention of Tax deducted by the Retainers is extended till June 30, 2021, considering the COVID-19 pandemic situation prevailing in the country.”
