Sri Lanka Gazettes Order on VAT Procedures for Nonresident Supplies of Services Through Electronic Platforms

The Sri Lankan Official Gazette July 1 published an order on VAT collection and payment procedures for nonresident supplies of services to residents through electronic platforms in Sri Lanka. The order includes measures: 1) reflecting the imposition of VAT on these supplies, from Oct. 1, at an 18 percent rate; 2) listing examples of digital services considered taxable supplies; 3) requiring nonresident suppliers to obtain a taxpayer identification number (TIN) and register for VAT if the value of services supplied through electronic platforms to Sri Lankan consumers exceeds 60 million Sri Lankan rupees (US$199,672) within the last 12 months, or ...