- Sri Lanka’s simplified VAT regime will end on October 1, 2025. Taxpayers will transition to the standard VAT regime from this date. The simplified regime’s voucher system for input tax refunds will be discontinued. Suppliers must charge VAT at the standard rate and issue tax invoices. Final tax periods are specified for monthly and quarterly reporters.
Source: answerconnect.cch.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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