The Sri Lanka Inland Revenue Department (IRD) has published Circular No. SEC/2024/E/01 of 4 January 2024, which concerns VAT registration requirements for suppliers of tea, rubber, and coconut products. The Circular explains that as per amendments made by Value Added Tax (Amendment) Act, No. 32 of 2023, the prior VAT exemptions for certain goods and services were removed and, as such, these goods and services are subject to VAT from 1 January 2024. This includes tea (excluding green leaf), …