- The revised VAT invoice format will be mandatory from October 1, 2026.
- The Inland Revenue Department issued an Extraordinary Gazette outlining the new requirements.
- The original start date was July 1, 2026, but it was delayed to give businesses more time to update systems.
- The format was introduced on March 27 to improve digital tax collection and transparency.
- Businesses must update their accounting and invoicing software before the deadline.
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.
Latest Posts in "Sri Lanka"
- Sri Lanka Drops Controversial VAT Threshold Cut Amid Business Backlash
- Sri Lanka IRD Launches Risk-Based VAT Refund System Amid SVAT Abolition
- VAT Invoice Format Compliance Postponed to 1 October 2026
- Sri Lanka IRD Sets July 2026 VAT Payment and Return Deadlines
- Revised VAT Invoice Format Mandatory from October 1, 2026
