- Sri Lanka’s IRD introduced a risk-based refund scheme under VAT law effective October 1, 2025.
- The framework and transitional provisions are in Gazette Notification No. 2456/02.
- Eligible persons can receive refunds within 45 days from the VAT return due date.
Source: kpmg.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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