Sri Lanka Inland Revenue has issued a notice to taxpayers on the implementation of changes to the Value Added Tax (VAT) Act as amended by the Value Added Tax (Amendment) Act, No. 9 of 2021. As previously reported, the amendment Act was published in the Official Gazette on 13 May 2021 and includes formal amendments for the implementation of measures that were already generally applied in practice.
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Implementation of Changes to the Value Added Tax (VAT) Act as amended by the Value Added …