Government highlights benefits of VAT registration for SMEs
2026-06-26
The government has underscored the advantages available to Small and Medium-sized Enterprises (SMEs) that voluntarily register for Value Added TaxContinue Reading
Sajith calls VAT/SSCL threshold reversal a win for SMEs
2026-06-24
Opposition Leader Sajith Premadasa has welcomed the government’s decision not to proceed with the proposed reduction of the Value AddedContinue Reading
Govt not to implement VAT, SSCL threshold cut to Rs. 36Mn from July 1
2026-06-23
Deputy Minister of Economic Development, Nishantha Jayaweera, has announced that the budget proposal to reduce the annual turnover threshold forContinue Reading
Taxing resident and non-resident digital service providers: Harsha raises concerns on disparity
2026-06-23
Committee on Public Finance (COPF) Chairman MP Harsha de Silva today called on the government to clarify tax neutrality betweenContinue Reading
Sajith slams proposed VAT amendments as threat to businesses
2026-05-04
Opposition Leader Sajith Premadasa has sharply criticized the government’s proposed Value Added Tax (VAT) amendments, warning that the sweeping changesContinue Reading
VAT on foreign digital services delayed until July 2026
2026-04-06
The Department of Inland Revenue has announced a further postponement of the effective date for imposing Value Added Tax (VAT)Continue Reading
Implementation of new VAT Tax invoice format postponed to July
2026-04-01
The new format and specifications for tax invoices to be issued by all individuals registered for Value Added Tax (VAT),Continue Reading
Sri Lanka moves VAT registration fully online from September 1
2025-09-04
The Inland Revenue Department (IRD) announced that from September 1, 2025, all applications for Temporary and Permanent Value Added TaxContinue Reading
Government delays VAT on foreign digital services : New Decision
2025-09-04
The government has amended the date for the implementation of Value Added Tax (VAT) on services supplied by non-resident personsContinue Reading
Trump vows new tariffs & chip restrictions on countries with digital taxes
2025-08-26
President Donald Trump vowed Monday to impose “substantial” new tariffs and restrict U.S. chip exports for all countries that doContinue Reading
Case filed against Arjun Aloysius over Rs. 1 Bn VAT evasion
2025-06-30
The Department of Inland Revenue has filed a case against Arjun Aloysius and Anthony Randev Jinendra John, directors of W.M.Continue Reading
Inland Revenue reopens Tourist VAT Refund Scheme registration for retailers
2025-06-13
The Inland Revenue Department (IRD) has reopened registration for authorized retailers under the Tourist VAT Refund Scheme (TVRS), enabling eligibleContinue Reading
Vat exemptions : Two key updates
2025-04-17
The Sri Lankan government has enacted the Value Added Tax (Amendment) Act, No. 04 of 2025, introducing significant tax exemptionsContinue Reading
Three company directors sentenced over failure to pay VAT
2025-03-18
Three Directors of a private company in Kandana that sold and distributed cigarettes have been sentenced to 06 months withContinue Reading
Good behaviour earns Arjun Aloysius an early prison exit
2025-02-24
Director of W.M. Mendis Distilleries, Arjun Aloysius, who was sentenced to jail for defaulting on a payment of Rs. 3.5Continue Reading
Amendments for VAT & Inland Revenue Acts : Cabinet
2025-02-20
Cabinet approval has been granted for the amendments to the Value Added Tax and Inland Revenue Acts to be publishedContinue Reading
Govt explains why promised Taxes not removed from Budget
2025-02-18
Deputy Minister of Finance Anil Jayantha Fernando says the government could have removed taxes if not for the agreement withContinue Reading
9 Vat amendments in Budget : VAT for services provided through digital platforms
2025-02-17
According to the budget speech presented to Parliament by President Anura Kumara Dissanayake follows are the amendments proposed to VATContinue Reading