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VAT Calculator Sri Lanka (18%)

Output VAT vs. input VAT, threshold check (Rs. 60M / quarter), schedule-by-schedule.

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Reflects Year of Assessment 2025/2026 · Last updated 2026-06-13 · Reviewed by TaxWise · Source: Inland Revenue Act No. 24 of 2017, Inland Revenue Department

Calculator
VAT estimate
Standard rate 18%. Registration threshold Rs. 60,000,000 per quarter.
Taxable supplies (quarter)Rs. 5,000,000
Rs. 0Rs. 100,000,000
Input VAT creditRs. 450,000
Rs. 0Rs. 5,000,000
Quarterly turnover (for threshold)Rs. 40,000,000
Rs. 0Rs. 120,000,000
Result
Rs.450,000
Net VAT payable
Output VATRs. 900,000
Registration requiredNo

Estimator only

Output minus input for one period. No schedules or registration workflow yet.

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Schedule-by-schedule VAT return not modelled. Zero-rated and exempt supplies excluded.

This is one piece of your return. See which schedules you file, which reliefs apply, and what the whole year comes to.

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From VAT estimate to registered preparation

Track turnover against the Rs. 60M/quarter threshold; full schedule-by-schedule VAT return is on the product roadmap.

  • Registration threshold monitoring from your turnover data
  • IIT and business income in the same workspace today
  • VAT return schedules — coming soon
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Filing opens Apr 2026 · Y/A 2025/2026 return due 30 November 2026

Frequently asked questions

What is the VAT rate in Sri Lanka?
18%, in effect since 1 January 2024, on registered goods, services and imports.
How do I remove VAT from a gross (VAT-inclusive) price?
Divide the gross amount by 1.18 to get the net; the difference is the VAT component.

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Estimator disclaimer

Results follow the Inland Revenue Act and the 2025 Amendment for Y/A 2025/2026 but are not tax advice. Rounding, missing inputs, and simplified assumptions can change the final figure; only a filed return counts with IRD.