The Government has announced a reduction in VAT in 2015 from 12% to 11%. The proposed reduction came as part of a range of political give a ways ahead of next year’s elections.
Related Posts
Sri Lanka: IRD reminds taxpayers of first 2026/27 income tax instalment deadline
August 10, 2026
Sri Lanka’s Inland Revenue Department (IRD) has reminded taxpayers that the first instalment of income tax for the
Read More
Amending protocol to 2013 India, Sri Lanka income tax treaty enters into force
July 20, 2026
India's Ministry of Finance (Department of Revenue) has issued Notification No. 88/2026 on 16 July 2026, confirming
Read More
Sri Lanka clarifies wide-ranging VAT reforms covering digital services, exemptions, compliance
July 17, 2026
Sri Lanka's Inland Revenue Department (IRD), on 3 July 2026, outlined sweeping changes to the country's Value Added Tax
Read MoreSri Lanka enacts wide-ranging VAT amendments
July 13, 2026
Sri Lanka has enacted the Value Added Tax (Amendment) Act, No. 14 of 2026, introducing a series of changes to the Value
Read MoreSri Lanka: IRD issues guidance on withholding tax deduction
July 10, 2026
The Sri Lanka Inland Revenue Department issued Circular No. SEC/2026/E/04 on 8 June 2026, providing withholding agents
Read More
Slovak Republic to sign new income tax treaty with Sri Lanka
June 22, 2026
The government of the Slovak Republic has approved the signing of a new income tax treaty with Sri Lanka via Resolution
Read More