Free tool
VAT Calculator
Quickly add VAT to a net amount or work backwards from a VAT-inclusive price to find the VAT portion. The rate defaults to Sri Lanka's standard 18% and is editable if you need a different rate.
VAT calculator
Add VAT to a net price, or back it out of a gross price
Net
LKR 100,000
VAT (18%)
LKR 18,000
Gross
LKR 118,000
Standard VAT rate is 18% as of 2024; some goods and services are exempt or zero-rated. Verify with IRD.
Frequently asked questions
What is the VAT rate in Sri Lanka?
The standard rate is 18% (raised from 15% in January 2024). Some supplies are exempt or zero-rated — check the IRD's current schedules.
How do I remove VAT from a price?
Divide the VAT-inclusive amount by 1.18 to get the net amount; the difference is the VAT. The calculator's 'extract' mode does this for you.
Who must register for VAT?
Businesses above the registration threshold set by the IRD must register and charge VAT. Thresholds change with budgets, so confirm the current figure with the IRD.
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