US EditionNew Tax Policy Threatens Growth of Sri Lanka’s IT and Freelance Service Exports - LNW Lanka News Web
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New Tax Policy Threatens Growth of Sri Lanka’s IT and Freelance Service Exports - LNW Lanka News Web
Sri Lanka’s service export sector, especially its IT and freelance industries, is facing a significant challenge following the introduction of a 15% tax on services provided to international clients. Effective from April 1, 2025, this new tax policy, announced as part of the 2025 national budget, aims to boost public revenue while aligning with global digital taxation trends. However, experts warn that the move could severely impact Sri Lanka’s …
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