VAT Archives

January 26, 2024

In the intricate case of Sri Lanka’s economic rejuvenation, the recent surge in the Value Added Tax (VAT) to 18 percent, coupled with the removal of certain industries from the exemptions list, has emerged as a focal point for concern among foreign investors assessing the country’s economic climate. This shift, occurring within the […]

January 23, 2024

The Ceylon Motor Traders’ Association (CMTA) made a statement claiming that the newly imposed VAT on used vehicles, has supported the creation of a black market in the industry, while increasing the market prices of used vehicles which is hurting the common man of the country. The recent implementation of VAT has stirred […]

December 29, 2023

The Sri Lanka Gem and Jewellery Association (SLGJA) has raised serious concerns about the government’s unprecedented decision to subject the industry to the Value Added Tax (VAT) regime. The SLGJA fears that such a move could lead to foreclosures and compel the private sector to relocate overseas or revert to the informal sector. The gem […]

VAT surge threatens Sri Lanka’s housing and foreign investments

VAT on used vehicles hurts the common man and creates a black market – CMTA

SLGJA expresses grave concern of VAT on Gem and Jewellery Industry