About HKTDC | Media Room | Contact HKTDC | Wish List Wish List () | My HKTDC |
繁體 简体
Save As PDF Email this page Print this page
Qzone

VAT Rate Rises to 15% while 0.3% Share Transaction Levy is also Re-imposed

SRI LANKA: A rise in VAT to 15% came into effect as of May 2. The new rate replaces the previous 8% and 12.5% bands. VAT is now payable on all items except for those specified on a government-approved negative list. Among the exempt items are water, electricity, education and medicines.

The legislative change follows earlier moves to reintroduce the Share Transaction Levy. As of April 15 this year, all transactions on the Colombo Stock Exchange have been subject to a 0.3% fee. The fee is payable by both buyers and sellers.

The National Building Tax, a surcharge on all importers, manufacturers, retailers and service providers, remains unchanged at 2% of turnover per quarter for liable businesses.

Content provided by Picture: HKTDC Research
Comments (0)
Shows local time in Hong Kong (GMT+8 hours)

HKTDC welcomes your views. Please stay on topic and be respectful of other readers.
Review our Comment Policy

*Add a comment (up to 5,000 characters)