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Form No. 117 To be made in duplicateMONTHLY DECLARATION Submitted to the SRI LANKA EXPORT CREDIT INSURANCE CORPORATION, COLOMBO In accordance with condition Nos. 1 and 2 of the Reshipment Credit Guarantee No

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How to fill out monthly declaration

01

Gather all necessary documents and receipts for the month.

02

Access the online portal or visit the tax office to obtain the monthly declaration form.

03

Fill in your personal information such as name, address, and taxpayer identification number.

04

Report your income for the month, categorizing it into different sources or types (e.g., salary, dividends, rental income).

05

Provide details of any deductions or credits you are eligible for, such as business expenses or education expenses.

06

Calculate the total taxable income for the month.

07

Apply the relevant tax rate to calculate the amount of tax you owe for the month.

08

Include any additional information or explanations required by the declaration form.

09

Double-check all the information provided and make sure it is accurate and complete.

10

Submit the completed monthly declaration form online or physically at the tax office.

11

Keep a copy of the declaration form and supporting documents for your records.

12

Pay any outstanding tax amount by the designated deadline.

Who needs monthly declaration?

01

Any individual or entity that has earned income during the month and is subject to tax regulations needs to fill out a monthly declaration. This includes employed individuals, freelancers, business owners, and anyone who has received taxable income.

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What is monthly declaration?

Monthly declaration is a report that individuals or businesses must submit every month to report their income, expenses, or any other relevant financial information.

Who is required to file monthly declaration?

Individuals or businesses with income or expenses that exceed a certain threshold are required to file monthly declaration.

How to fill out monthly declaration?

Monthly declaration can be filled out manually or electronically through the designated online platform provided by the tax authorities.

What is the purpose of monthly declaration?

The purpose of monthly declaration is to provide accurate financial information to the tax authorities for proper tax assessment and collection.

What information must be reported on monthly declaration?

Information such as income, expenses, taxes paid, deductions, and any other relevant financial data must be reported on monthly declaration.

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