The Sri Lanka Inland Revenue Department has issued a Notice to Taxpayers on the Value Added Tax (Amendment) Act No. 44 of 2022, which was approved in parliament on 9 December 2022, and certified on 14 December. Amendments made by the Act include a reduction in the VAT registration threshold from LKR 75 million per taxable period (quarter) or LKR 300 million per annum, to LKR 20 million per tax…