Sri Lanka is to increase the Value Added Tax threshold to RS 50 million per annum from RS 12 million. The change will apply to retailers and wholesalers.
Sri Lankan VAT was raised to 15% this year.
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VP Global Indirect Tax
Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.