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Repeated VAT Delay Signals Deeper Structural Tax Reform Struggles - LNW Lanka News Web
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Repeated VAT Delay Signals Deeper Structural Tax Reform Struggles - LNW Lanka News Web
By: Staff WriterApril 02, Colombo (LNW): Sri Lanka’s decision to once again postpone the implementation of a standardized Value Added Tax (VAT) invoice system is revealing deeper tensions within its ongoing tax reform agenda. The Inland Revenue Department (IRD) has pushed the deadline to July 1, 2026, marking the second delay of a policy initially scheduled for January 1 under Gazette Extraordinary No. 2463/05.At first glance, the delay appears …
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