- Sri Lanka’s Inland Revenue Department (IRD) is rolling out a National e-Invoicing System for VAT under the 2026 Budget, with full implementation expected by the end of 2026.
- The system enables real-time digital transmission of VAT invoice data from taxpayers’ ERP systems to the IRD’s RAMIS platform via secure Web API integration.
- Implementation is phased: Phase 1 targets export-oriented VAT-registered enterprises (e.g., garment and tea exporters), while Phase 2 will cover all VAT-registered persons.
- The e-invoicing system aims to improve VAT reporting accuracy, transparency, and efficiency by reducing manual errors and automating tax administration.
- Tea brokers’ systems are already integrated, and from 1 May 2026, all relevant invoice, credit, and debit note records for tea auction transactions are transmitted directly to RAMIS.
Source: regfollower.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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