The Sri Lankan Inland Revenue unveiled an extensive array of tax rates pertinent for the assessment year 2023-2024.
These updates cover several crucial areas:
-
VAT and Social Security Contribution Levy (SSCL):
- Specification of an 18% standard VAT rate effective from January 1, 2024.
- Introduction of a 2.5% rate for the social security contribution levy (SSCL)…
Source: GVC
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