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Sri Lanka Tax Information

18% VAT

VAT is 18%. Registration required above LKR 80 million quarterly.

Lawyer Services to Invoice

  • Legal consultation
  • Document review
  • Contract drafting
  • Litigation
  • Court appearances
  • Research
  • Retainer services

Invoice Requirements in Sri Lanka

VAT number
Business registration
Client details
VAT (18%)
Total in LKR

Payment Terms

Retainer upfront. Bills typically due Net 30. Trust accounts for client funds.

Cash14 days30 daysCredit

Payment Methods in Sri Lanka

Bank TransferFriMiCredit CardCash

Lawyer Invoice Tips

  • Bill in standard increments
  • Detail each task
  • Reference case number
  • Separate disbursements
  • Include trust account details

Frequently Asked Questions

What tax rate applies to lawyer invoices in Sri Lanka?

Sri Lanka has 18% VAT. VAT is 18%. Registration required above LKR 80 million quarterly.

What payment methods are common for lawyers in Sri Lanka?

Common payment methods in Sri Lanka include: Bank Transfer, FriMi, Credit Card, Cash. Retainer upfront. Bills typically due Net 30. Trust accounts for client funds.

What should lawyer invoices include in Sri Lanka?

Your invoice should include: VAT number, Business registration, Client details, VAT (18%). For lawyer services specifically, also include: Legal consultation, Document review, Contract drafting.

How should lawyers detail time entries?

Include date, task description, time spent, and attorney name. Use standard billing increments.

How do lawyers handle retainers?

Hold in trust. Bill against retainer and request replenishment when low.

What is Sri Lanka's VAT rate?

18% on most goods and services.