Complete Guide to Capital Gains Tax (CGT) in Sri Lanka: Calculation, Valuation Reports & Return Filing
Transferring ownership of real estate, land, unlisted company shares, or investment assets in Sri Lanka requires strict compliance with Capital Gains Tax (CGT) under the Inland Revenue Act No. 24 of 2017 (as amended). Submitting an inaccurate tax valuation, omitting deductible expenses, or missing the IRD filing window leads to heavy statutory penalties and interest…
