- VAT amendments will take effect on July 1.
- VAT will now apply to services provided via electronic platforms.
- Digital service providers must register and pay VAT under new legal provisions.
- The threshold for mandatory VAT registration is lowered to Rs. 9 million in taxable supplies per period.
Source: dailynews.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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