

Indu Nanayakkara
30.1K posts

@InduNan
Social Media Marketing Strategist & Consultant. I help coaches new to social media get clients online. Get my 6-Week Social Media Content Plan (👇Download FREE)











🚨 SRI LANKA GOES AFTER BIG TECH: 18% VAT on Non-Resident Digital Services 🇱🇰💻 Starting October 1, 2025, all foreign digital platforms — Netflix, Google, Starlink, Meta, Binance, Bybit, Spotify, Shopify, Amazon, etc. — MUST register, collect, and remit 18% VAT on services to Lankan users. This is massive. Here’s what you need to know 👇 📊 What’s Covered? Streaming. Cloud. SaaS. E-comm. Marketing. Gaming. FinTech. Memberships. Anything digital. If it touches Lankan consumers — it’s taxable. 💰 Flat 18% VAT No tiered rates. Simple. Brutal. Either passed to users or taken from platform margins. 📈 Who’s Affected? Any foreign digital provider earning: • LKR 60M+ in past 12 months (~USD 195K) • LKR 15M+ in past 3 months (~USD 49K) 🌍 What if they ignore it? IRD threatens blacklisting or service blocks for non-compliance. But here’s the kicker — Sri Lanka has no jurisdiction over global giants with no local office. So the real game is: → Voluntary compliance → Platform goodwill → UX-based deterrence 🧾 Returns & Payments • File quarterly • Pay in LKR or approved FX • Keep records 5 years • Use IRD e-services portal 💣 The Catch • FX volatility = accounting headaches • Low threshold means small players get trapped too • Global enforcement is shaky — depends on platform cooperation 👥 Impact on Sri Lankan Consumers & Users? Expect prices to rise. Spotify sub? Ads? Cloud API? Likely up 18%. Loophole seekers may turn to grey routes, VPNs, or P2P alternatives. 🧠 Strategic Playbook This is Sri Lanka’s boldest tech tax move yet. A revenue grab. A leveler for local digital firms. But its success? Depends entirely on global compliance and platform integration. Sri Lanka just declared: “Tax us, or get lost.” #SriLanka #DigitalTax #VAT #TechPolicy #BigTech #NetflixTax #CryptoTax #NFTs #Streaming #Cloud #Meta #Google #Stripe #Amazon #Ecommerce #AsiaRegulations #DigitalEconomy #IMF2025 #LKAfinance #KPMG #SaaS #Fintech #TechLaw #TaxReform #ColomboTech


Starlink now available in Sri Lanka! 🇱🇰




Either @PickMeLK should stop card payments or stop cash payments completely. Had to take an urgent trip to the hospital and booked a PickMe tuk tuk and the whole cash card nonsense came and the driver refused to come and then started and ended the trip. A whole lot of time was wasted and delayed in getting to the hospital.

Imagine you need to drop off something on the other side of town Instead of driving there yourself & wasting time in traffic, your car will be able to run that errand on its own, while you work or do other things. On the way back, it could bring you your coffee order, without high delivery fees. This will be possible in a Robotaxi future



