DPR Consultants Pvt Ltd

we make your business easy

  • Increase font size
  • Default font size
  • Decrease font size

Value Added Tax (V A T)

E-mail Print PDF

 

Value Added Tax (V A T)

Value Added Tax Acts

Value Added Tax Act no. 14 of 2002  ( Effective date 1st August 2002)

Value Added Tax (Amendment) Act  No. 7 of 2003

Value Added Tax (Amendment) Act  No. 13 of 2004

Value Added Tax (Amendment) Act  No. 6 of 2005

Value Added Tax (Amendment) Act No. 8 of 2006

Value Added Tax (Amendment) Act  No. 14 of 2007

Value Added Tax (Amendment) Act  No. 15 of 2008

Value Added Tax (Amendment) Act  No. 15 of 2009

Value Added Tax (Amendment) Act  No. 9 of 2011

Value Added Tax (Amendment) Act No. 7 of 2012

Value Added Tax (Amendment) Act No. 17 of 2013

Value Added Tax (Amendment) Act No. 07 of 2014

Value Added Tax (Amendment) Act No. 11 of 2015

With effect from 1st January 2016 Value Added Tax Rates are as follows,

 

(1) Supply of Services of any Description including Financial Services      - 12.5%

 

(2) Supply of Goods  - 8%.


(3) Export of Goods and Services    - 0%

 

12% of Value Added Tax rate is applicable in Sri Lanka with effect from 1st January 2011 other than zero rate.

 

 

V A T Registration

Temporary Registration
Following information will be required to open a temporary VAT file along with Form No. 12 issued by VAT Department

Registration of Limited Liability Company


Certified copy of

  • Business Incorporation Certificate
  • TIN (Tax Identification Number) Certificate
  • Copies of  Original Performa Invoice or fax copy of  Invoice
  • Bill of Lading
  • Copies of National Identity Card/s of Directors

Registration Partnership or Sole Proprietorship
  • TIN Certificate issued by Inland Revenue
  • Certified Copies of Business Registration (BR)
  • Copies of Identity Card of Partners
  • Copies of Performa Invoice or Fax copy of Invoice
  • Bill of Lading

Registration of an Individual
  • TIN Certificate issued by Inland Revenue
  • Copy of National Identity Card
  • Copies Original Performa Invoice or Fax copy of Invoice
  • Bill of Lading

Permanent Registration
Registration Requirement with effect from 1st January 2016

  • Taxable supply should exceed Rs. 3,000,000. 00 in any taxable period of one month or three months or
  • Taxable supply should exceeds Rs. 12,000.000.00 for any twelve months period

Limited Liability Company

Certified copy of

  • Article of Association
  • Business Incorporation Certificate
  • Form  1, 20, 13
  • TIN (Tax Identification Number) Certificate
  • Commercial Invoices for three months
  • Bank Statements as a proof for deposit of sales
  • Copies of National Identity Cards of all Directors

Partnership or Sole Proprietorship

  • TIN Certificate issued by Inland Revenue
  • Certified Copies of Business Registration (BR)
  • Copies of Identity Card of Partners
  • Commercial Invoices for three months
  • Bank Statements as a proof for deposit of sales

An Individual

  • TIN Certificate issued by Inland Revenue
  • Copy of Identity Card
  • Commercial Invoices for three month
  • Bank Statements as a proof for deposit of sales

 

canakkale canakkale canakkale truva search