Free Tool
VAT & SSCL Calculator
Quickly add or remove VAT (18%) and SSCL (2.5%) from any amount. Perfect for invoicing, pricing, and tax compliance.
VAT & SSCL Calculator
Current VAT & Levy Rates
| Tax / Levy | Rate | Threshold |
|---|---|---|
| Value Added Tax (VAT) | 18% | Quarterly turnover > LKR 15M |
| Social Security Contribution Levy | 2.5% | Quarterly turnover > LKR 120M |
| WHT on Services | 5% | Applicable on specified services |
Key Dates: VAT returns must be filed by the 20th of the month following the taxable period. Late filing attracts penalties and interest.
Executive Q&A
Direct answers for founders and counsel
What is the current VAT rate and registration threshold in Sri Lanka?
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The standard Value Added Tax (VAT) rate in Sri Lanka is 18%. Mandatory VAT registration with the Inland Revenue Department (IRD) applies when taxable supplies exceed LKR 15,000,000 per quarter or LKR 60,000,000 per annum.
What is SSCL (Social Security Contribution Levy) in Sri Lanka?
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The Social Security Contribution Levy (SSCL) is charged at 2.5% on liable turnover for importers, manufacturers, service providers, and wholesalers/retailers exceeding LKR 15,000,000 per quarter (LKR 60,000,000 per annum).
How do you calculate VAT-inclusive vs VAT-exclusive prices at 18%?
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To add 18% VAT to a net price, multiply the net amount by 1.18. To extract the 18% VAT component from a VAT-inclusive gross price, divide the gross amount by 1.18 to find the net price.
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