Sri Lanka Prime Minister and Minister of Finance Ranil Wickremesinghe has proposed an increase in value added tax (VAT) from 8 percent to 12 percent and a hike in the telecommunication levy from 11.25 percent to 15 percent with immediate effect, the prime minister’s office said.
Source: economynext.com
Latest Posts in "Sri Lanka"
- Sri Lanka Postpones Digital Services VAT Implementation to April 2026 Due to Practical Challenges
- Sri Lanka Delays Non-Resident Digital Services VAT Implementation to April 2026
- Why Sri Lanka’s Digital VAT Won’t Trigger US Tariffs: Understanding Digital Taxation Differences
- Sri Lanka Mandates VAT Registration for Non-Resident Digital Service Providers Starting October 2025
- Sri Lanka Updates VAT and SVAT Regimes: Key Changes Effective July and October 2023
