This is to inform you that the reduction of 10% WHT ( AIT) on interest income
subject to tax and procedure on self - declaration to the bank has been
reconstituted with effect from 01.04.2025 in accordance with IRD circular number
SEC/2025/E/03 dated 28.03.2025. You can download the circular and self-
declaration form from IRD web site - www.ird.gov.lk
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The State Mortgage and Investment Bank (SMIB) is one of the most established financial institutions in Sri Lanka.