The Gazette published on September 29, 2025, announces the implementation of a Risk Based Refund Scheme for Value Added Tax (VAT) refunds in Sri Lanka, effective from October 1, 2025. This scheme categorizes eligible persons into low, medium, and high-risk groups to streamline the refund process, allowing quicker refunds for low and medium-risk claimants while requiring pre-verification for high-risk individuals.
Sri Lanka Public News