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VAT NEW1 min read
For shop and business owners: VAT and SSCL for September 2026
Based on: IRD, 15 October 2026 · Checked by us: 27 October 2026
In one line
Businesses registered for VATValue Added Tax18% tax added to prices by VAT-registered businesses. See all tax words and SSCLSocial Security Contribution Levy2.5% levy on the turnover of larger businesses. See all tax words must make their September 2026 payments and VAT ReturnIncome tax returnYearly form to declare your income. Due 30 November. See all tax words by the dates in the IRD notice.
Key points
- VAT rate is 18% (since 1 January 2024).
- VAT registration is required if sales are above Rs. 60 million a year or Rs. 15 million in a quarter.
- A proposal to lower this limit to Rs. 36 million was not included in the final law.
- SSCL = Social Security Contribution Levy, 2.5% of liable turnover.
What you should do
- Check the due dates in the IRD notice (link below).
- Pay, and file your VAT return online.
- Keep sales records and invoices in order.
Source
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This is not the Inland Revenue Department (IRD) website. Information here is a simple general explanation, not tax advice. Check ird.gov.lk or a qualified professional before you act.