- Sri Lanka’s Cabinet has approved a hike in the value-added tax rate from 15% to 18%.
- The tax will now apply to several currently exempt goods and services.
Source: vitallaw.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Sri Lanka"
- CRTA Warns of Severe Impact on Rubber Industry Due to SVAT Removal in Sri Lanka
- Sri Lanka Postpones VAT on Digital Services to April 2026 Due to Compliance Issues
- Sri Lanka Rubber Industry Urges Delay in SVAT Removal to Prevent Liquidity Crisis
- KPMG Experts Discuss SVAT Abolition and Sri Lanka’s Tax Transition
- Sri Lanka postpones digital VAT on global platforms until April 2026
