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Sri Lanka raises VAT registration threshold

  • Nov 3, 2018 | Richard Asquith

Sri Lanka raises VAT registration threshold

Sri Lanka is to increase its annual VAT registration threshold from Rs 12 million to Rs 24 million for most sectors. For the retail and wholesale markets, the rise will be from Rs 50 million to Rs 100 million.

There have also been changes to income and withholding taxes, plus the telecoms levy to help support a flat economy.


VP Global Indirect Tax
Richard Asquith
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 won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.