- Sri Lanka delays VAT on remotely supplied services to April 1, 2026
- Originally planned for October 1, 2025
- 18 percent VAT applies to services like cloud computing, SaaS, e-commerce, digital marketing, cybersecurity, IT support, streaming, FinTech, website subscriptions, hotel reservations, and ticket bookings
- VAT also applies to services from e-commerce, social media, on-demand, content-sharing, cloud collaboration, online marketplaces, gaming, and blockchain platforms
- Legislation includes VAT registration, calculation rules, non-resident taxpayer obligations, return filing, record-keeping, and penalties for non-compliance
Source: answerconnect.cch.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.
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