According to recent reports, Sri Lanka's Finance Minister, Mangala Samaraweera, has announced the government's plans to reduce the standard value added tax (VAT) rate from 15% to 12.5%. The reduction is to be implemented by 2020.

According to recent reports, Sri Lanka's Finance Minister, Mangala Samaraweera, has announced the government's plans to reduce the standard value added tax (VAT) rate from 15% to 12.5%. The reduction is to be implemented by 2020.
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.