Sri Lanka VAT registration threshold
Sri Lanka VAT registration threshold is 60000000 LKR, in force since 1 Jan 2024. Last checked against the official source on 10 Aug 2026.
The turnover at which VAT registration becomes compulsory in Sri Lanka, with the period the test runs over, the rule for non-established suppliers, and the separate regime for imported digital services.
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What this value means
PERIOD BASIS: dual test under s.10 — value of taxable supplies exceeding (or likely to exceed) Rs. 15 million in any taxable period of three months, OR Rs. 60 million in any twelve-month period. The "likely to exceed" limb is forward-looking: a business expecting to cross must register before it actually does. Also, per Act 4 of 2025 s.4, any person importing or exporting goods for commercial purposes must be registered irrespective of turnover (new s.10(1)(ix)). Voluntary registration remains available below the threshold. NON-ESTABLISHED SUPPLIERS: a "non-resident person" (defined in s.83 — no fixed place of business in Sri Lanka) supplying non-digital services is dealt with through the s.55 agent mechanism; there is no special threshold. For goods, importation is taxed at the border and commercial importers must register with nil threshold (s.10(1)(ix)). From 1 July 2026 non-resident suppliers of services through electronic platforms have their own registration regime (below) with the SAME 60m/15m thresholds, measured in rupees "or an equivalent in any other currency". IMPORTED DIGITAL SERVICES: charge imposed by s.2(1)(c) (inserted by Act 4 of 2025): "on the supply of services by a non-resident person through an electronic platform to a person in Sri Lanka" — originally "with effect from October 1, 2025", postponed by IRD notice of 1 October 2025 (Cabinet decision 3 September 2025) to 1 April 2026, then re-set by Act 14 of 2026 s.2, substituting "with effect from July 1, 2026". Act 14 of 2026 inserts Chapter IIIC (ss.25L-25N): registration compulsory where digital-services supplies exceed Rs. 60m in the trailing 12 months or exceed / are likely to exceed Rs. 15m in a quarter, on or after 1 July 2026; application is electronic, within three months. s.25N excludes B2B: the tax "shall not be charged on or collected" where the recipient is a VAT-registered person (with a proviso handling tax wrongly charged), so only B2C counts in practice; the B2B side falls to the registered recipient. VAT rate on these services is 18%. Act 14 of 2026 also exempts specified categories supplied via electronic platforms by non-residents (notably educational services and healthcare services) through a First Schedule amendment. Traps: (1) The Rs. 36 million cut is NOT law: the VAT (Amendment) Bill No. 31 gazetted 29 April 2026 proposed 36m/9m from 1 July 2026, but the certified Act 14 of 2026 dropped it — the threshold stays 60m/15m. Anything asserting 36m is quoting the bill, not the act. (2) The digital-services start date moved twice (1 Oct 2025 → 1 Apr 2026 by IRD notice → 1 Jul 2026 by Act 14 of 2026 s.2); material dated before July 2026 carries a dead date. (3) The current 60m threshold was a CUT (from 80m/20m) made retroactively to 1 January 2024 by Act 16 of 2024 — pre-2024 guides show 80m or the old 300m-era figures. (4) The quarterly limb (15m) can trigger registration even when the annual 60m is not yet crossed, and both limbs include "likely to exceed". (5) For non-resident digital providers only B2C supplies are in the charge (s.25N), but s.25L's threshold wording counts "such services" supplied to persons in Sri Lanka — do not assume B2B invoices are ignored without reading s.25L/25N together; KPMG/newswire read the regime as B2B-exempt. (6) Commercial importers/exporters register at nil threshold since Act 4 of 2025. (7) The Social Security Contribution Levy is a separate levy with its own registration threshold — do not conflate. (8) Sri Lanka's taxable period for the quarterly test is the calendar quarter, not any three months.
Get it programmatically
curl https://asiaref.dev/v1/lk/vat-registration-threshold
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/lk/vat-registration-threshold/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/lk/vat-registration-thresholdOther Sri Lanka series: Overnight Policy Rate (OPR) · VAT standard rate · National minimum wage · Public holidays · CCPI inflation (year-on-year) · Corporate income tax standard rate · Withholding tax rates · Legal interest rate (Civil Procedure Code s. 192) · Personal income tax bands · Statutory social-insurance contributions
The same figure elsewhere: Taiwan · Thailand · Türkiye · United Arab Emirates · Uzbekistan · all 28