- COVID-19 relief measures: a Board of Investment (BOI) company that supplies or donates health protective equipment and products would be exempt from VAT. Further, a VAT exemption has also been proposed on medical equipment and machinery imported and supplied, or donated, during the pandemic period (20 May to 31 December 2020).
- Voluntary VAT registration
- Special Goods and Services Tax to streamline taxes on alcohol, cigarettes, telecommunication, vehicles, and betting/gaming industries.
Source
Latest Posts in "Sri Lanka"
- Sri Lanka Advances Tax Digitization with Electronic Invoicing to Boost Transparency and Economic Growth
- Sri Lanka Launches National E-Invoicing System to Modernize Tax Infrastructure
- ICCSL Examines Business Readiness and Challenges of New VAT Invoice Implementation in Sri Lanka
- New Exemption for VAT-Liable Financial Services in 2025 Social Security Contribution Levy Amendment
- Sri Lanka Unveils Three-Phase Electronic Invoicing Reform to Modernise VAT and Boost Digital Economy
