Debt and inflation crisis means full reversal of 2019 VAT cuts Sri Lanka is racing Value Added Tax rate for this second time this year. From 1 September 2022, it will rise from 12% to 15%. On 1 June is rose from 8% to 12%.
Debt and inflation woes push reversal of 2019 VAT cuts The Sri Lankan government on 31 May announced with immediate effect a rise in the standard VAT rate from 8% to 12%. A range of other tax measures, including a rise in corporate income tax
2019 cut to 8% may have to be reversed as country faces worst economic crisis The drop in revenues during the COVID-19 crisis may force the government to reverse the reduction in VAT in 2019 from 15% to 8% the finance minister has said. This
New tax hikes and levies on range of supplies confirmed by Parliament – 1 January 2022 implementation Update: Sri Lanka VAT raised to 12% from 1 June 2022 The drop in revenues during the COVID-19 crisis has forced the government to propose a range of