SriLanka, Oct. 20 -- Around 91.7% of Sri Lanka's registered individual taxpayers have failed to submit their income tax returns for the 2025/2026 assessment year, prompting severe warnings of strict legal consequences from the Inland Revenue Department (IRD) ahead of the November deadline.Sri Lanka Travel

Individuals who do not comply could face a fine of up to Rs. 400,000, additional assessments from the Commissioner General, or legal prosecution resulting in up to six months' imprisonment upon conviction by a Magistrate's Court.

Nearly 1.1 million registered taxpayers are yet to file their individual income tax returns for the 2025/2026 year of assessment ahead of the November deadline, the IRD said.

Nearly 1.2 million taxpayers are ...