- Sri Lanka will introduce VAT on digital services from non-resident providers to local consumers
- Implementation starts on 1 October 2025
- Guidance on registration, collections, and compliance will be provided later this year
- Currently, foreign businesses do not charge VAT on digital services in Sri Lanka
- The VAT rate will be 18 percent to ensure fair competition between non-resident and resident providers
- The tax will apply to electronic services like streaming, 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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