- VAT will be imposed on services provided through electronic platforms from July 1.
- The VAT registration threshold is revised to Rs. 9 million in taxable supplies per period.
- VAT on financial services will increase from 18% to 20.5%.
- New provisions will facilitate registration and payment of taxes for digital services.
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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