Summary

The Inland Revenue Department has issued a payment reminder for VAT on Financial Services (VAT on FS) for the month of August 2026. Taxpayers liable for VAT on FS must settle their due payment on or before September 20, 2026. Payments should be made via the Online Tax Payment Platform or at any Bank of Ceylon branch. Required remittance details include Tax Type Code 75, Payment Period Code 26080, and Payment Category S. Non-payment or delayed realization of cheques after the due date will attract penalties.

Key points

• August 2026 VAT on FS payment is due on or before September 20, 2026.
• Tax Type Code is 75, Payment Period Code is 26080, and Payment Category is S.
• Payments can be made via the Online Tax Payment Platform (OTPP) or at any Bank of Ceylon branch.
• Penalties apply to late payments, non-payments, or cheques realized after the due date.