- The Department of Inland Revenue in Sri Lanka has issued a notice regarding the exemption of certain goods and services.
- The exemption will be effective from 1 January 2024.
- The exemption is under Part III of the First Schedule to the Value Added Tax (VAT) Act No. 14 of 2002.
- The Act was recently amended by Act No. 32 of 2023.
Source: kpmg.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.
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