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Sri Lanka VAT registration threshold

  • VAT
  • 13 November 2016 | Richard Asquith

Sri Lanka VAT registration threshold

Sri Lanka has reduced that annual VAT registration threshold to LKR 12million. The threshold for retail and wholesale sectors has been cut to 50million per annum.

The move follows the raising of VAT from 11% to 15% on 1 November 2016.

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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 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.