- Sri Lanka will implement VAT on electronic services from non-resident companies starting April 2025.
- Currently, foreign businesses providing digital services in Sri Lanka do not charge VAT.
- The government will require 18% VAT on these transactions to level the playing field.
- Guidance on VAT registration, collection, and payment will be released in March 2025.
- The tax will apply to streaming services, apps, films, e-books, e-journals, and internet services.
Source: fiscalsolutions.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
