- Sri Lanka plans to introduce a value-added tax (VAT) on digital services starting July 1, pending parliamentary approval.
- The tax rate on financial services will increase from 18% to 20.5%.
- Local authorities have raised fuel prices, and the Ceylon Electricity Board is seeking a tariff hike to offset rising fuel costs.
Source: news.bloombergtax.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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