Budget 2027: Sri Lanka Exempts Books from VAT

Budget 2027: Sri Lanka Exempts Books from VAT, Recognizes E-Invoices, and Refines Exporter Rules

Sri Lanka has unveiled a sweeping set of amendments to the Value Added Tax Act, No. 14 of 2002, in the 2027 Budget Speech, headlined by the removal of VAT on educational books and printed materials alongside key compliance modernizations for businesses. Under the new proposals, the import and supply of printed books, exercise books, […]