Condominium Units to be Subject to VAT


Condominium Units to be Subject to VAT

Condominium units will be subject to VAT with effect from 1st April 2018. However, VAT will not be payable in respect of condominium units where sale agreements have been entered into prior to 1st April 2018.


Condominium developments in which all condominium units are priced at less than LKR 15mn will not be subject to VAT even after 1st April 2018.

Share on linkedin
Share on facebook
Share on twitter

Consult Our Experts

Our expert team of partners and leading lawyers offer services across extensive practice areas and ensure our clients receive optimal legal advice. They have the capacity to handle everything from intricate cases to crucial disputes, providing top-tier solutions with unwavering dedication and expertise.