- Launch of E-Invoicing System: Sri Lanka has initiated a national e-invoicing system, managed by the Department of Inland Revenue, aimed at modernizing tax administration, enhancing financial transparency, and combating tax evasion as part of its 2030 digital economy goals.
- Technical Integration: The system will utilize a secure Web API to integrate seamlessly with the existing Revenue Administration Management Information System (RAMIS), allowing for efficient communication between taxpayers’ ERP systems and the government platform.
- Phased Rollout Plan: The implementation will occur in stages, starting with a pilot phase for select taxpayers, followed by extensions to export-oriented businesses and eventually mandating e-invoicing for all VAT-registered businesses and B2C transactions through POS systems for real-time oversight.
Source Comarch
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- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
- Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
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