In view of the upcoming Budget 2022, Verité Research, an independent interdisciplinary think tank providing strategic analysis and advice for governments and the private sector in Asia, advised to increase the rate (currently 8%) between 8% and 10% next year, and to 10-12% in 2023, and to 12-15% in 2024.
Source: nation.lk
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














