Sri Lanka: Proposed increase to VAT rate, effective 1 September 2022
A proposal to increase rate of VAT on import and/or supply of goods or supply of services to 15%
A proposal to increase rate of VAT on import and/or supply of goods or supply of services
The Interim Budget 2022 includes a proposal to increase the rate of value added tax (VAT) on the import and/or supply of goods or supply of services to 15%—effective 1 September 2022.
Read an August 2022 report [PDF 190 KB] prepared by the KPMG member firm in Sri Lanka
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