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Sri Lanka plans to implement e-invoicing linked directly to the tax office, starting with selected sectors and exporters, to digitalize VAT payments and speed up refunds, with international technical support.
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E-invoicing will enable real-time sales tracking, VAT collection, and integration with POS systems, improving tax transparency but raising concerns similar to Vietnam’s SME protests over implementation challenges.
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The government also aims to introduce a digital ID system to enhance tracking, though it faces privacy opposition and controversy over state control, reflecting debates seen in more authoritarian and democratic countries.
Source: economynext.com
