Sri Lanka Unveils Three-Phase Electronic Invoicing Reform to Modernise VAT and Boost Digital Economy

• Sri Lanka is implementing a phased electronic invoicing reform to modernize VAT administration, starting with a pilot and aiming for full rollout by 2027.
• The reform is built on the existing RAMIS platform, using API integration to connect business ERP systems for secure, electronic invoice transmission.
• The rollout consists of three phases: targeted expansion to export-oriented businesses, extension to all VAT-registered taxpayers, and finally, mandatory real-time e-invoicing for business-to-consumer transactions via POS systems.
• The initiative supports broader national goals to digitize public systems and advance the digital economy, prioritizing system integration, taxpayer readiness, and operational stability.

Source: vatcalc.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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