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Inland Revenue Department Announces Tax Deadline for 2024/2025 Assessment Year

The Inland Revenue Department has announced that the estimated tax for the 2024/2025 assessment year is due on August 15.

Senior Deputy Commissioner Nandana Kumara stated that the first installment must be paid by this date. He also noted that provisions have been made for taxpayers to submit payment statements electronically.

Additionally, the Senior Deputy Commissioner outlined the penalties and interest rates that will apply to late tax payments.

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