+94 77 888 8897 info@vsmartassociates.lk
Book a consultation

VAT calculator

Add VAT at the standard rate of 18% to an amount, or take it out of an amount that already includes it. The result is an estimate at the standard rate.

Calculate VAT

Rupees, with cents if you need them.
What to do

How it's worked out

The rate

WhatRate or amount
Standard VAT rate, since 1 January 202418%
VAT on financial services, from 1 July 202620.5%
Registration: taxable supplies in a quarter overRs. 15 million
Registration: taxable supplies over 12 months overRs. 60 million
SSCL, on liable turnover2.5%

The standard VAT rate has been 18% since 1 January 2024. On Rs. 100,000 before VAT, VAT is Rs. 18,000 and the total Rs. 118,000.

VAT on financial services is charged at 20.5% for periods starting on or after 1 July 2026, under the VAT (Amendment) Act, No. 14 of 2026. This calculator uses the standard rate only.

Do I need to register for VAT?

A business must register when its taxable supplies exceed Rs. 15 million in a quarter or Rs. 60 million over 12 months, or when there are reasonable grounds to expect it will. A business below those amounts can apply to register voluntarily.

A business may also pay the Social Security Contribution Levy (SSCL) at 2.5% of its liable turnover. This calculator does not work it out.

Rates checked 8 October 2026: IRD VAT page, IRD tax chart 2025/2026 and VAT (Amendment) Act, No. 14 of 2026 (20.5% on financial services from 1 July 2026).

VAT registration and quarterly VAT return packages

Nothing you type here is stored or sent. The calculation runs in your browser.

The information on this website is general. It is not legal, tax or financial advice on your situation.

Tell us what you need

Need professional assistance?

Ask V Smart

I answer from V Smart Associates' published guidance. For advice on your situation, talk to the team.

Questions are processed by TypeSafe AI in the US. Don't include personal details.