The standard VAT Rate of Sri Lanka is 15%. Now you can calculate tax with our Vat Calculator Sri Lanka.
The Interim Budget 2022 includes a proposal to increase the rate of value-added tax (VAT) on the import and/or supply of goods or supply of services to 15%—effective 1 September 2022.
Are you a business owner in Sri Lanka? If so, you need to be aware of the Value-Added Tax (VAT) that is charged on most products and services in this country. The VAT rate in Sri Lanka is 15%, and it can be tricky to calculate exactly how much you owe Uncle Sam each month. That’s where the VAT Calculator Sri Lanka comes in handy! In this article, we will discuss the basics and show you how to use it to your advantage. Stay tuned!
About the Vat Calculator Sri Lanka
How to calculate vat on our Sri Lanka calculator
- Select your country; the vat calculator will automatically detect the updated Sri Lanka vat rate
- Enter the amount
- Add Tax or Remove Tax
- Press the calculate button to see the result
How to calculate vat in Sri Lanka
Tax Amount = ( Original Cost * VAT% ) / 100
Net Price = Original Cost + Tax Amount
Tax Amount = Original Cost – ( Original Cost * ( 100 / ( 100 + VAT% ) ) )
Net Price = Original Cost – Tax Amount
Visit our Online VAT Calculator for all the vat calculations. It includes most countries in the world like, Ireland, South Africa | Germany | Philippines | Malta | India | Italy
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