The Interim Budget 2022 includes a proposal to increase the rate of value added tax (VAT) on the import and/or supply of goods or supply of services to 15%—effective 1 September 2022.
Source: KPMG
Latest Posts 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
- Sri Lanka Sets Dec. 31 Deadline for November 2025 VAT Returns, Announces Penalties and Credit Rules
- Sri Lanka Introduces Risk-Based VAT Refund Scheme for Exporters and Strategic Suppliers Effective October 2024
- Sri Lanka Delays New VAT Invoice Format Implementation to April 2026
