Money & Duty Free Sri Lanka
Currency: Sri Lankan Rupee (LKR)
Tourist VAT Refund system is introduced by Inland Revenue Department Sri Lanka, to refund VAT which is charged when purchasing goods, by Tourists who visit Sri Lanka.
The ‘Tourist VAT Refund Scheme’ (TVRS) is implemented with effect from September 11, 2018, in terms under section 58A of the Value Added Tax Act, No. 14 of 2002 (Amended by Act) and by Gazette notifications of the Commissioner General of Inland Revenue and Minister of Finance accordingly.
A Tourist required to have a minimum of LKR 50,000 worth of VAT liable purchases (exclusive of VAT) from any of the authorized retailers, consisting of a maximum of Three (3) commercial invoices issued on the same day by the same retailer and have to obtain a tourist VAT refund Invoice (TVRI) from the same authorized retailers by providing the commercial invoices along with passport.
A Tourist should apply for VAT refund using a TVRS application form.
Goods should be taken out of Sri Lanka either in baggage or hand luggage. (Please note that the goods declared in the above invoices should be available for physical verification at the Customs point)