Reported earlier by Daily Mirror (opens original article in a new tab)

Amended VAT rules in Sri Lanka expanded to the digital economy, causing concern among telecommunications, tourism, and IT sectors, with experts warning of potential business and consumer pressure.

• Government Gazette amendments expanded VAT coverage to the digital economy
• Amended VAT rules triggered concern across telecommunications, tourism, and IT sectors
• Industry experts warned increased VAT on financial services and digital transactions could pressure businesses and consumers