Responding to questions and concerns raised about the 18 percent VAT for the IT sector, Wickremesinghe said the industry would not be burdened by the policy since the majority of the companies are export-oriented and the export of IT services is a zero-rated supply.
He also clarified that IT services provided to entities outside Sri Lanka, with payments received in foreign currency, would be exempted from income tax.
https://www.dailymirror.lk/breaking...-be-exempted-from-VAT-including-IT/108-273126
මෙන්න මේක ලියල තියාගනිල්ලා
He also clarified that IT services provided to entities outside Sri Lanka, with payments received in foreign currency, would be exempted from income tax.
https://www.dailymirror.lk/breaking...-be-exempted-from-VAT-including-IT/108-273126
මෙන්න මේක ලියල තියාගනිල්ලා