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Sri Lanka VAT Calculator

The Sri Lanka VAT Calculator is designed to allow free online calculations for goods, services and products which are subject to VAT (Value Added Tax) in Sri Lanka. The calculator allows quick VAT calculations and more detailed VAT calculations with multiple items, product/service descriptions with a running total so you can see the VAT due on each product/service and the total VAT due in Sri Lanka in 2023. Once you have calculated the VAT due, you can print the document or email the VAT document to yourself for later reference.

Sri Lanka VAT Calculator
What would you like to do?
🖹 Normal View 🗖 Full Page View
Quick VAT Calculation Detailed VAT Calculation
Product/Service Description
Units Sold
Product/Service Price
VAT Rate (%)
* Please enter a value for the product or service *

Quick Sri Lanka VAT Calculation
		Product/Service Price
+		VAT Due

=		Total Price inc. VAT

Sri Lanka VAT Table
Description	Price	Rate	VAT	Total	Delete

Total	Price		VAT	Total

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How to calculate VAT in Sri Lanka

You can calculate VAT in Sri Lanka by multiplying the product or service price by the appropriate VAT rate. We have included the VAT formula for Sri Lanka so that you can calculate the VAT manually or update your systems with the relevent VAT rates in Sri Lanka. The latest VAT rates in Sri Lanka for 2023 are displayed in the table below the VAT formula. For those who prefer to use the Sri Lanka VAT Calculator rather than calculate VAT manually, we have included a step-by-step guide to using the calculator for quick VAT calculations and more detailed VAT calculations which include multiple products and or services (see the guides under "How to use the Sri Lanka VAT Calculator").

Sri Lanka VAT formula

Sri Lanka VAT Calculator. This image shows the Sri Lanka flag and information relating to the VAT formula used for calculating Value Added Tax in Sri Lanka using the Sri Lanka VAT Calculator in 2023

Value Added Tax in Sri Lanka is calculated using the following VAT formula:

VAT = a x (b / 100)

Where:

a = The product/service that is subject to VAT in Sri Lanka.
b = The relevenat rate of VAT in Sri Lanka associated with the product/service.

VAT Rates in Sri Lanka

The table below specifies the relevent VAT rates applicable in Sri Lanka, these were last updated in line with the published VAT rates in 2023.

Sri Lanka VAT Rates
VAT Rate	VAT Description
15%	Standard Rate

How to use the Sri Lanka VAT Calculator

You can view the calculator inline or full screen. The inline view displays the calculator surrounded by the normal menus and links to other tools and supporting information. The full screen view removes or the unnecessary information so you can focus solely on using the Sri Lanka VAT Calculator. The following step-by-step guides to calculating VAT online with the Sri Lanka VAT Calculator covers all the functions within the VAT calculator:

How to complete a Quick VAT Calculation

Select Normal View or Full Screen View.
Select "Quick VAT Calculation".
Enter the Product/Service Price.
Enter the Appropriate VAT Rate.
Press "Calculate VAT".

The Sri Lanka VAT Calculator will provide a table which specifies the product/service price, the product/service VAT amount due and the total cost of the product or service in Sri Lanka. You can print/email this table as required.

How to complete a Detailed VAT Calculation

Select Normal View or Full Screen View.
Select "Detailed VAT Calculation".
[Optional] enter the name of the product or service for which you wish to calculate VAT.
Enter the number of units being sold (3 bags, 5 SEO guest post packages, 2 new cars, 1 annual tax return etc.).
Enter the price of the product / service detailed in step 3.
Select the relevent VAT rate that applies to your goods, product or service in Sri Lanka
Click "Add to VAT Table"

Sri Lanka VAT Calculator will add your product/service to the Sri Lanka VAT Table. You can then add more product and/or services as required. Each time you add new information, the total amount will be updated so you can see the total costs of goods, products and services in Sri Lanka inclusive and exclusive or VAT.

If you make a mistake or simply want to remove an entry from the Sri Lanka VAT Table, click on the "Del" button adjacent the line entry that you wish to remove. When items are removed from the VAT table, the calculator will automatically update the associated figures and recalculate VAT, total cost of goods etc.

Please note that the Sri Lanka VAT Calculator is designed to allow you to toggle between quick and Detailed calculations without losing any data that you add to the Detailed VAT Table. This is useful if you need to check the individual VAT amount on one unit (a single product or service) before adding it to the list of items in the VAT table.

More Good Calculators for Sri Lanka

If you found this information about VAT in Sri Lanka useful and liked our free online VAT calculator for Sri Lanka then you will probably find the following calculators and supporting Sri Lanka tax tables useful.

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