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Comprehensive Guide to VAT on Digital Services in Sri Lanka
Understanding the New Digital Service VAT Framework under the Value Added Tax (Amendment) Act, No. 14 of 2026 Sri Lanka has taken a significant step towards modernising...
Education Before Enforcement: Athula Ranaweera's Practical Roadmap for a Better Tax System
The 5th Annual Economic and Tax Symposium, held on 2 July 2026 and organised by the Faculty of Taxation of the Institute of Chartered Accountants of Sri Lanka (CA...
Tax Certainty Over Tax Concessions: Nisreen Rehmanjee's Perspective on Building Investor Confidence in Sri Lanka
The 5th Annual Economic and Tax Symposium, held on 2 July 2026 and organised by the Faculty of Taxation of the Institute of Chartered Accountants of Sri Lanka (CA...
From Compliance to Convenience: Dhanika Perera's Vision for a Citizen-Centric Digital Tax System
The panel discussion on "Enhancing Tax System Efficiency to Support Economic Growth" at the 5th Annual Economic and Tax Symposium, organised by the Faculty of Taxation...
Trust Before Taxes: N.R. Gajendran Calls for a Fundamental Shift in Sri Lanka's Tax Administration
One of the most thought-provoking discussions at the 5th Annual Economic and Tax Symposium, organised by the Faculty of Taxation of the Institute of Chartered Accountants...
Enhancing Tax System Efficiency to Support Economic Growth: Key Insights from the 5th Symposium
The 5th Tax Symposium, organized by the Faculty of Taxation of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), featured an insightful panel discussion...
Fiscal Challenges and Strategic Priorities for Budget 2027
The fifth symposium brought together senior officials from the Inland Revenue Department (IRD), the Ministry of Finance, economists, tax practitioners, and private...
How Sri Lanka Can Stop Losing Tax Revenue Under OECD Pillar Two
Why Sri Lanka Must Shift from Tax Holidays to Qualified Refundable Tax Credits (QRTCs) Based on insights shared by Suresh R.H. Perera, Principal – Head of Tax...
A New Era of Fiscal Resilience: Comparing IRD Sri Lanka’s 2024 and 2025 Performance
The Inland Revenue Department (IRD) of Sri Lanka achieved a significant milestone in 2025, demonstrating robust growth and the successful execution of transformative...
Sri Lanka's Next Growth Story: Key Insights from Dhananath Fernando at the Economic & Tax Symposium 2025
At the Economic & Tax Symposium 2025 organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) today (02.07.2026), Dhananath Fernando, CEO...
The VAT Myth Many Retailers Still Believe
With the proposed reduction of the VAT registration threshold to Rs. 36 million per annum effective from 01 July 2026, many Sri Lankan retailers are reassessing...
Why Many Manufacturers Should Reconsider Avoiding VAT Registration from 01 July 2026
The reduction of the VAT registration threshold from Rs. 60 million per annum to Rs. 36 million per annum with effect from 01 July 2026 is expected to bring thousands...
Comprehensive Analysis of the Inland Revenue (Amendment) Act, No. 11 of 2026
The Inland Revenue (Amendment) Act, No. 11 of 2026, certified on June 3, 2026, introduces wide-ranging amendments to the principal enactment (Act No. 24 of 2017)....
How Malaysia Implemented e-Invoicing and What Sri Lanka Can Learn
Many Sri Lankan businesses are currently discussing the proposed National e-Invoicing System and how it will impact their operations. To understand what may lie...
Navigating the Evolution of Sri Lanka’s Telecommunication Levy
From 2011 to the Proposed 2026 Amendments Legislative Status: Bill Stage Important Notice: The 2026 changes discussed below are currently in the Bill stage. These...
Evolution of Vehicle Import Duty in Sri Lanka and Its Impact on Prices
The Customs Import Duty (CID) applicable on motor vehicles in Sri Lanka has undergone several changes through a series of Gazette Notifications issued under the...
Proposed Changes to Individual Residency Rules: 2026 Amendment Bill
The residency rules for individuals in Sri Lanka are set to undergo significant changes under the Inland Revenue (Amendment) Bill of 2026. While the 183-day rule...
Understanding Individual Residency for Tax Purposes in Sri Lanka
Determining the residency status of an individual is a critical first step in establishing their tax liability in Sri Lanka. Under the Inland Revenue Act No. 24...
Why 15th May 2026 is So Important for Taxpayers
15th May 2026 is the final due date for the 4th quarterly self-assessment (SA) tax instalment payment for the Year of Assessment 2025/2026 under the Inland Revenue...
IRD Introduces National e-Invoicing System for VAT Registered Persons
Key Points Businesses Should Know Now The Inland Revenue Department (IRD) has issued Notice No. SEC/PN/VAT/2026-03 dated 04.05.2026 regarding the implementation...
