- Sri Lanka will start VAT refunds for low-risk exporters within days, with the first applications received in early November.
- Refunds for low and medium risk exporters will be processed within 16 days; high-risk exporters will receive refunds by January 15.
- Two special export refund branches have been established to handle the process.
- The previous SVAT system was scrapped under an IMF program due to delays and economic issues.
- Exporters can claim input tax refunds, and imported inputs are currently allowed tax-free.
Source: economynext.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.
Latest Posts in "Sri Lanka"
- Sri Lanka moves toward e-invoicing implementation
- Sri Lanka Launches E-Invoicing and Fiscal Registers to Modernise VAT Collection and Boost Compliance
- Lowering VAT Threshold Threatens Survival of Sri Lanka’s Micro and Small Businesses
- Sri Lanka’s 2026 Budget: Major Indirect Tax Reforms, VAT Changes, and E-Invoicing Initiatives
- Will Lowering the VAT Threshold Increase Inflation? Analyzing the Impact on Prices and SMEs
