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. Document ID: 2016-1980 |