Sri Lanka: IRD postpones implementation of VAT on non-resident e-services

Sri Lanka has rolled out a new standardised format for tax invoices as part of its ongoing Value Added Tax (VAT) modernisation efforts, with the changes now set to take effect from 1 April 2026. The new invoice requirements were officially

Sri Lankan Inland Revenue Department (IRD) has announced that, starting from the Year of Assessment 2025/2026, all employers registered under the Advance Personal Income Tax (APIT) scheme must include each employee’s Taxpayer Identification Number

The Slovak Republic has initiated public consultation for a proposed income tax treaty with Sri Lanka, with the deadline for feedback set at 31 March 2026. Once signed and ratified, this new agreement will replace the 1978 tax treaty between Sri

Sri Lanka’s government has issued a Bill amending the Inland Revenue Act on 20 February 2026, marking substantive tax changes and compliance reforms. Published in the gazette on 24 February 2026, it introduces capital gains tax rate revisions and

Sri Lanka’s Ministry of Finance issued a Regulation under the Strategic Development Projects Act, No. 14 of 2008, published in Gazette No. 2474/66 on 8 February 2026, setting out the conditions for designating a project as a Strategic Development

Sri Lanka’s Inland Revenue Department (IRD) has issued a reminder to taxpayers carrying on the business of bookmakers and gaming to make the Levy payment on the gross collection for January 2026 on or before 7 February 2026. Under the current