Big Four capability, boutique economics: how MJ Associates delivered its first Pillar Two filing using OrbitaxFrom Completed Calculations to an Accepted GIR in 10 Days
OrbitaxOrbitax

Sri Lanka Inland Revenue Issues Notices on Several Tax Reforms

|Approved Changes|Sri Lanka
Sri Lanka

Sri Lanka Inland Revenue has issued several notices following the approval of tax reforms by the Cabinet of Ministers on 27 November 2019. The notices are summarized as follows:

Notice - Value Added Tax and Nation Building Tax - Implementation of Proposals on Value Added Tax (VAT) and Nation Building Tax (NBT) on the Instruction of the Ministry of Finance

This notice includes the following:

  • The VAT rate is revised (reduced) to 8% with effect from 1 December 2019, although the VAT rate ap…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.