OrbitaxSri Lanka Inland Revenue Issues Notices on Final Submission Requirements for Repealed SVAT Scheme, and Overview of New Risk-Based Refund Scheme
|Approved Changes|Sri Lanka
Sri Lanka Inland Revenue published two notices to persons registered for the Simplified Value Added Tax (SVAT) Scheme on 30 September 2025. As previously reported, the SVAT Scheme is repealed effective 1 October 2025 and replaced by a Risk-Based Refund Scheme.
The first notice explains that with the repeal, all Registered Identified Purchasers (RIP) and Registered Identified Suppliers (RIS) u…
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