- Sri Lanka has approved a new, more detailed VAT invoice format, effective from 1 July 2026.
- Key changes include a strictly defined invoice number, total consideration in numbers and words, mandatory telephone numbers for issuer and recipient, and required fields for place of supply and payment method.
- Each data element now has a dedicated field in the invoice layout.
- Implementation was postponed twice; businesses can use the old format until July 2026 but should prepare for the new requirements.
Source: fintua.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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