- The Cabinet approved amendments to the Value Added Tax Act, No. 14 of 2002, aligning with 2025 and 2026 budget tax policy changes.
- Implementation of VAT on services via electronic platforms by non-resident providers is postponed to July 1, 2026.
- The amendment bill, prepared by the Legal Draftsman and cleared by the Attorney General, will be published in the Government Gazette and submitted to Parliament for approval.
Source: dailymirror.lk
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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