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Sri Lanka Proposes VAT on E-Services for Non-Resident Providers

  • Sri Lanka proposing to apply VAT on e-services for non-resident providers
  • Inland Revenue Department in Sri Lanka wants to introduce VAT on electronic services by foreign companies
  • Currently, foreign businesses do not have to charge VAT on sales in Sri Lanka
  • Sri Lankan government wants to remove unfair advantage for non-resident companies
  • Proposed VAT rate is 18%
  • VAT will apply to streaming games, music, apps, films, e-books, e-journals, and internet services.

Source: fiscalsolutions.co.uk

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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