EY Sri Lanka

Tax Alert: Revised Mandatory Tax Invoice Format Introduced

Revised mandatory requirements for Tax Invoices have been introduced under Gazette Extraordinary No. 2481/22. In line with Section 20(2A) of the VAT Act, VAT-registered persons are now required to comply with a new standardized Tax Invoice format.

More details below.👇

EY Ruhuna, Galle Branch Avurudu Celebrations!!!

Ready for CBSL’s new standard?📈

This special session translates regulatory requirements into a structured and actionable roadmap. We will guide NBFIs in interpreting CBSL directives and develop a CBSL-aligned risk management framework and methodology.

Date & time: 23 April 2026 | 3.00–4.30 PM
Join our virtual webinar for free!

Registration link 👇
https://globaleysurvey.ey.com/jfe/form/SV_9um3gci1vjLizIy

Stay informed. Stay compliant. Stay ahead.

A Bill to amend the Inland Revenue Act, No. 24 of 2017 was published in the Gazette on February 24, 2026.

Please note that this remains a Bill at the time of this update and has not yet been enacted into law.

Our latest Tax Alert outlines the key potential changes taxpayers should be aware of once the Bill is legislated.

For the full breakdown, please refer to the link below;
https://www.linkedin.com/posts/shehani-paranavitane-176146126_ey-alert-on-the-bill-to-amend-the-inland-activity-7432596272362106880-93BX?utm_source=share&utm_medium=member_desktop&rcm=ACoAACIg2jsBt83ttx_Z_GSxA2eqyCzsePm7Fbg