Tag: Sri Lanka’s New VAT Amendment to Digitize Tax Collection via Secured POS Systems
Sri Lanka’s New VAT Amendment to Digitize Tax Collection via Secured POS Systems
As part of a strategic effort to modernize the national tax infrastructure, the Government of Sri Lanka has tabled an amendment to the Value Added Tax (VAT) Act, No. 14 of 2002. The proposed Clause 12 introduces Section 64B, which centers on the integration of “secured point of sale machines” into the daily operations of […]