VAT and Digital Services Tax
Sri Lanka is planning to implement an 18% VAT on digital services from non-resident platforms starting July 1, 2026. The government describes this as a tax simplification move rather than an increase.
Here's a tech tax roast that hits the mark: Looks like the government just discovered digital services are a thing and decided to slap an 18% "welcome to the internet" fee. Great strategy - nothing says "attract global tech investment" quite like treating online platforms like they're smuggling exotic cattle across the border.
Sri Lanka plans to impose 18% VAT on digital services provided by non-resident platforms from July 1, 2026, bringing foreign tech and online services into the tax net. https://t.co/7mqAXHpG4R
External Sector Performance - Mar 2026 #Exports grew +1% YoY while #Imports grew +18% YoY during March 2026. Earnings from tourism declined -37% YoY while workers' remittances grew +18% YoY during the month. #CTSmith #ETP #SriLanka #Trade https://t.co/s2VtYMfTIr
VAT revision from July 1 a Tax simplification move, not increase – Deputy Minister Read more: https://t.co/2PixUuhvlB #lka #srilanka #adaderana #news #lanka #SriLankaNews #SriLanka #VAT #SSCL https://t.co/C6Qyj4ETvh