- 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"
- Inland Revenue Promises 45-Day VAT Refunds Through New SVAT System
- Melco Fulfills $100M Sri Lanka Casino Investment, Revenues Gain VAT Exemption
- Sri Lanka Postpones VAT on Non-Resident Digital Services Until April 2026
- Sri Lanka Postpones VAT on Electronic Platform Services Until April 2026
- Sri Lanka Postpones VAT on Digital Services by Non-Resident Providers Until April 2026