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If you have fixed deposits or savings accounts in sri lanka, your bank is required to deduct advance income tax (ait) — commonly called withholding tax — on the interest. Calculate withholding tax on interest, rent, dividends, and services in sri lanka. Updated with latest ird rates.
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Explore withholding tax in sri lanka and learn about its basics including how to calculate, deductions, how to pay and everything in between! This is known as the advance income tax (ait). Easily calculate sri lankan wht on interest, rent, and service fees with our free calculator.
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If you’re earning interest on fixed deposits in sri lanka, you’ve likely noticed that banks automatically deduct 10% as withholding tax.
1.8 million are eligible to claim a refund of the tax deducted on interest. 1,800,000, you may be eligible for relief from ait on your interest income by submitting a self. Free wht calculator with current rates and instant calculations for 2025/26. Updated for the april 1, 2025 tax regulations.
However, the inland revenue department (ird) states that individuals whose total annual income is less than rs. If you are a sri lankan resident and your assessable income (from all sources) does not exceed rs.
