CJ Associates

27/05/2026

Important Update: -
IRD has introduced a revised VAT Tax Invoice format effective from 01.07.2026. All VAT-registered businesses are required to comply with the new invoice requirements and numbering format. Please review the attached circular and update your invoicing systems accordingly.

CJ Associates
Chartered Accountants

14/05/2026

Shape the future of finance with us!

​We are looking for motivated young talent to join the CJ Associates family as Audit & Accounting Trainees. If you are a student of CA Sri Lanka, AAT, or HNDA & Other professional Institutions and ready to dive into the world of Statutory Audit,Tax, Consulting, and Outsourcing, we want to meet you!

Why join us?

- Hands-on experience in a dynamic environment.
- ​A team committed to excellence.
- ​A rewarding start to your professional journey.

​📩 How to apply: Send your CV to [email protected] today!

07/05/2026

🚨 VAT Registered Businesses – Important Update!

Sri Lanka’s new National e-Invoicing System is now being implemented through RAMIS Web API integration. Businesses can expect faster, automated, and more transparent VAT reporting processes.

Stay updated with CJ Associates for the latest tax and compliance insights. 📊

23/04/2026

We’re Hiring: Account Executive!

1–2 years in accounting? Ready to grow your career? This is your chance.
📩 Send your CV: [email protected]
👉 Tag or share with someone who needs this!

21/04/2026

Important Tax Update – SSCL Changes (2026)

Dear Valued Client,

Please note the following key changes to SSCL:

From July 1, 2026
* Registration threshold has been reduced to Rs. 9 million per quarter (previously Rs. 15 million)

This means more businesses may now need to register.

From May 1, 2026
* Vehicle imports are now subject to SSCL
* Local sale of vehicles is now exempt from SSCL

If your quarterly turnover exceeds Rs. 9 million, registration must be completed within 15 days.

CJ Associate
Chartered Accountants

13/04/2026

📢 Holiday Notice – CJ Associates

Please be informed that CJ Associates will be closed for the Sinhala & Tamil New Year from April 10th to April 15th.​Our office operations will officially resume on April 16th.

✨ Wishing you and your family a joyful, peaceful, and prosperous New year ! 🌸
May this New Year bring happiness, success, and good health to you all.

Thank you for your continued trust and support 🤝

CJ Associates
Chartered Accountants

02/04/2026

The Central Bank of Sri Lanka noticed that all transactions between residents must be done in Sri Lankan Rupees (LKR).

Paying or accepting foreign currency locally without approval is not allowed and can lead to heavy fines or legal action.
Always use LKR for local transactions and stay compliant.

CJ Associates
Chartered Accountants

02/04/2026

VAT Update

The Inland Revenue Department has postponed the implementation of the new VAT Tax Invoice format to 1st July 2026.
👉 Businesses can continue using the current invoice format until then.
👉 It is recommended to start preparing early for the new changes

26/03/2026

Important Tax Update – APIT
Hi everyone 👋
Here’s a very simple explanation of the new IRD notice about APIT:

👉 What is this about?
From Y/A 2025/2026, it is MANDATORY to include the TIN (Taxpayer Identification Number) only for employees who have APIT deductions (i.e., employees included in APIT Schedule 01) when submitting the APIT Annual Statement.

✅ What you need to do (Step-by-Step):

1️⃣ Check your employee list
→ Identify employees with APIT deductions

2️⃣ Make sure those employees have a TIN number
→ If not, they must register with IRD

3️⃣ When preparing APIT Annual Statement (Schedule 01)
→ Enter correct TIN only for APIT deducted employees

4️⃣ Double check before submission
→ System (RAMIS) will reject records without TIN

⚠️ Important Risk:
If TIN is missing →

- That record will be rejected
- Employee Cannot claim APIT tax credit
- Creates issues for both employer & employee

🎯 Simple Advice:
👉 Start collecting TINs NOW for employees with APIT deductions.
(don’t wait until deadline)

CJ Associates
Chartered Accountants

19/02/2026

The Inland Revenue Department (IRD) has reintroduced the Tax Privilege Card system, which existed in Sri Lanka prior to the introduction of the Inland Revenue Act No. 24 of 2017 (before 01.04.2018). We have prepared a detailed video explaining how to apply for this card and the benefits it offers. Make sure to submit your application before 28.02.2026 to enjoy these advantages.

Read More : https://www.ird.gov.lk/en/publications/SitePages/Issuing%20of%20Privilege%20Cards.aspx?menuid=1406

15/12/2025