The Sri Lanka Inland Revenue Department has published Circular No: SEC/2023/E/03 of 9 May 2023, which provides guidance on the calculation of income tax payable for the year of assessment commencing on 1 April 2022 (Year of Assessment - YA 2022/2023). The guidance is provided considering the changes introduced by the Inland Revenue (Amendment) Act No. 45 of 2022 that require income tax payable…