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Sri Lanka plans e-invoicing for VAT, link POS machines to Inland Revenue

Summary by EconomyNext
ECONOMYNEXT – Sri Lanka is working on starting e-invoices which will be directly linked to the tax office to digitalize the value added tax payments, Deputy Minister of Economic Development Anil Jayantha Fernando said. “We have to bring the mechanism of VAT collection, calculation and transmission to the government into technology,” Minister Fernando told parliament. “As a first step, for chosen sectors, especially for high value individuals, th…
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EconomyNext broke the news in on Wednesday, July 2, 2025.
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