FAQ

As to how this Department differs from the Inland Revenue Department

The collection of revenue of the central government is done by the Inland Revenue Department while the collection of revenue of the provincial council is done by the Provincial Revenue Department

   Collected Taxes and Duties

Inland Revenue

Provincial Revenue

Income tax

Stamp Duty - Land

Value Added tax

Mineral Tax

Nation Building tax

Drugs & Chemicals Tax

Economic Service Charge

Lottery Tax

Batting & Gamming Levy

Prize Competition Tax

Stamp Duty – Leasing, Insurance

Betting Tax

 

Charges under the fauna and Flora Ordinance

 

Business enterprises that should pay Mineral Tax, rate of tax,  additional tax and penalties

When a manufactured of mineral  within the North Central Province, a mineral tax at the rate of 0.5% is collected on the gross value of the item.

By inspecting the business enterprises and by auditing the tax files an additional tax and penalties will be imposed on the gross turnover which had not been declared by the taxpayer.

10% penalty for non payment of mineral tax on the due date. Thereafter, 2% of penalty will be added for ensuing month. (Maximum penalty is 50% of the tax)

                                                                                                                                                                                                                 

Business enterprises that should pay Drugs & Chemical Tax, rate of tax,  additional tax and penalties

When a Drugs or a Chemical is sold within the North Central Province, a Drugs & Chemical tax at the rate of 25% is collected on the Annual value of the business place.

By inspecting the business enterprises and by auditing the tax files an additional tax and penalties will be imposed on the gross turnover which had not been declared by the taxpayer.

10% penalty for non payment of Drugs & Chemicals tax on the due date. Thereafter, 2% of penalty will be added for ensuing month. (Maximum penalty is 50% of the tax)

 

Prescription of stamps fees and penalties

Regarding the instruments of deeds prepared for transfer of immovable properties within the North Central Province action is taken to recover the stamp fees on the open market value of the properties on the day of certification of such instruments. Accordingly, for a transfer of properties Stamp Fees of 3% for every first Rs. 100,000/= of the market value and 4% or the balance amount will be charged. For a deed of gift stamp fees of 3%for the first Rs: 50,000/= of the market value and 2% for the balance amount will be charged. 

When imposing additional stamp fees, payment of a penalty fee of three times of the normal stamp fees together with the normal stamp fees or the amount required for the completion of the fees can be imposed. 

 

Places to obtain provincial revenue stamps.

Anuradhapura  District any  and Polonnaruwa District  Peoples Bank’s any branches.