Stamp duty calculator Sri Lanka
Stamp duty is charged on certain documents when they are signed or presented in Sri Lanka. For most of them it is a fixed sum for every Rs. 1,000 of value, or part of Rs. 1,000.
Choose the instrument and enter its value. For a lease you can enter the monthly rent and the term.
How it's calculated
- The value is split into blocks of Rs. 1,000, and a block that is not complete counts as a full one.
- Each block pays the rate for the instrument: Rs. 20 for a lease, Rs. 10 for a hire purchase agreement, Rs. 1 for a mortgage or a promissory note.
- For a lease the value is the aggregate rent, counting at most the first 20 years years.
An example
A two year lease at Rs. 100,000 a month has an aggregate rent of Rs. 2,400,000. The stamp duty is 2,400 × Rs. 20 = Rs. 48,000.
Frequently asked questions
How do I pay stamp duty on a lease of land or a house?
For a mortgage or lease of immovable property, the duty is paid into the Commissioner General's account at the Bank of Ceylon, Taprobane branch. The bank gives a certificate that is attached to the document.
Is there stamp duty on receipts?
Yes. A receipt for more than Rs. 25,000 carries a duty of Rs. 25.
Where does the money go?
The IRD collects it and, since 31 March 2011, transfers it to the Provincial Councils.
Key terms
- Instrument
- A written document such as a lease, mortgage or promissory note.
- Aggregate rent
- The total rent payable over the whole lease term.
Up-to-date official data
Data checked against the official source on .
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