- Launch of E-Invoicing System: Sri Lanka has initiated a national e-invoicing system, managed by the Department of Inland Revenue, aimed at modernizing tax administration, enhancing financial transparency, and combating tax evasion as part of its 2030 digital economy goals.
- Technical Integration: The system will utilize a secure Web API to integrate seamlessly with the existing Revenue Administration Management Information System (RAMIS), allowing for efficient communication between taxpayers’ ERP systems and the government platform.
- Phased Rollout Plan: The implementation will occur in stages, starting with a pilot phase for select taxpayers, followed by extensions to export-oriented businesses and eventually mandating e-invoicing for all VAT-registered businesses and B2C transactions through POS systems for real-time oversight.
Source Comarch
Click on the logo to visit the website
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
- Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
Latest Posts in "Sri Lanka"
- Sri Lanka Advances Tax Digitization with Electronic Invoicing to Boost Transparency and Economic Growth
- ICCSL Examines Business Readiness and Challenges of New VAT Invoice Implementation in Sri Lanka
- New Exemption for VAT-Liable Financial Services in 2025 Social Security Contribution Levy Amendment
- Sri Lanka Unveils Three-Phase Electronic Invoicing Reform to Modernise VAT and Boost Digital Economy
- Sri Lanka Sets Dec. 31 Deadline for November 2025 VAT Returns, Announces Penalties and Credit Rules
