History of General VAT Rate change in Sri Lanka from 2002 to date.
| Period | Type |
Rate |
| Rates applicable from 01.08.2002 to 31.12.2003 | ||
| 01.08.2002 – 31.12.2003 | Reduce – 2nd Sch. | 10% |
| Standard – All other | 20% | |
| Rates applicable from 01.01.2004 to 31.12.2008 | ||
| 01.01.2004 – 18.11.2004 | Single Rate – 3rd Sch. | 15% |
| 19.11.2004 – 31.12.2004 | Basic Rate – 3rd Sch. (Specified items) | 5% |
| 01.01.2004 – 31.12.2004 | Single Rate – except 1st & 3rd Sch. | 15% |
| 01.01.2005 – 01.08.2005 | Luxury Rate – 4th Sch. | 18% |
| 02.08.2005 – 31.12.2008 | Luxury Rate – 4th Sch. | 20% |
| 01.01.2005 – 31.12.2008 | Standard Rate | 15% |
| 01.01.2005 – 31.12.2008 | Basic Rate – 3rd Sch. (Specified items) | 5% |
| Rates applicable from 23.11.2009 to 22.11.2010 | ||
| W.e.f. 01.01.2009 | Basic Rate abolished | – |
| 01.01.2009 – 22.11.2010 | Standard Rate | 12% |
| 01.01.2009 – 22.11.2010 | Luxury Rate – 4th Sch. | 20% |
| Rates applicable from 23.11.2010 to 31.12.2014 | ||
| 23.11.2010 – 31.12.2014 | Standard Rate | 12% |
| W.e.f. 23.11.2010 | Luxury Rate abolished | – |
| Rates applicable from 01.01.2015 up to now | ||
| 01.01.2015 – 31.12.2015 | Standard Rate | 11% |
| 01.01.2016 – 01.05.2016 | Standard Rate | 11% |
| 02.05.2016 – 11.07.2016 | Standard Rate | 15% |
| 12.07.2016 – 31.10.2016 | Standard Rate | 11% |
| 01.11.2016 – 30.11.2019 | Standard Rate | 15% |
| 01.12.2019 – 31.05.2022 | Standard Rate | 8% |
| 01.06.2022 – 31.08.2022 | Standard Rate | 12% |
| 01.09.2022 onwards | Standard Rate | 15% |
