- Zero percent VAT on fabric imports
- 18% VAT rate for goods and services (excluding fabrics)
- 15% VAT rate for advance payments made before January 01, 2024
- 18% VAT rate for financial services
Source: globalvatcompliance.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"
- President Says VAT Reduction Planned Within Two to Three Years
- Government to Remove VAT on School Books, President Says
- Sri Lanka Defers Its Revised VAT Invoice Format to October 1, 2026
- Sri Lanka Drops Controversial VAT Threshold Cut Amid Business Backlash
- Sri Lanka IRD Launches Risk-Based VAT Refund System Amid SVAT Abolition
