Enacted Rate change
Sri Lanka — Financial services rate increase
This page records one dated change. For the rules in Sri Lanka as they stand today, see the Sri Lanka guide →
- Jurisdiction
- 🇱🇰 Sri Lanka
- Tax
- VAT
- Change type
- Rate change
- Status
- Enacted
- Effective
- 1 July 2026
- Verified
- Corroborated against official id · high confidence
Sri Lanka VAT (Amendment) Bill No. 31, gazetted 29 April 2026, raises the VAT rate on financial services from 18% to 20.5% effective 1 July 2026 for banks and financial institutions, consolidating the previous 18% VAT and the 2.5% Social Security Contribution Levy into a single 20.5% VAT rate. The general 18% VAT rate on all other supplies is unchanged.