18 November 2016

Sri Lanka adopts changes to value added tax and national building tax

Sri Lanka's Parliament passed a bill on October 26, to amend the value added tax (VAT) and the national building tax (NBT) provisions (the Bill). The Bill includes the revised VAT rates (retroactively) and the lower gross revenue threshold for NBT registration.

A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1980

Document ID: 2016-1980