Compliance Alert – Standard VAT rate raised to 15%

Update: Compliance Alert – Standard VAT rate raised to 15%
Date: 2023-01-02

From 1 September 2022, the Standard VAT rate of Sri Lanka is increased from 12% to 15%. This is according to the Extraordinary Gazette No. 2295/08. The Inland Revenue Department also published a notice with further details on the revised changes.

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