VAT on Gold from 2026: What Sellers in Sri Lanka Should Know
Tax rules around gold changed in 2026 and there is a lot of confusion about who is affected. Here is a plain summary, with the reminder that this is general information rather than tax advice.
What changed
From January 2026, VAT applies to gold sales in Sri Lanka under the prevailing regulations. Licensed dealers are required to account for VAT correctly and to issue proper documentation on qualifying transactions.
Why documentation matters more now
- Receipts should clearly state weight, karat, rate applied and the total paid.
- Identification requirements are enforced consistently.
- Dealing with a registered, compliant buyer avoids problems later.
Informal buyers who avoid paperwork may look cheaper on the day, but they leave you with no record of the transaction.
Gold Buyer Sri Lanka's position
We are a registered company operating under Sri Lankan law with 40+ years of experience in the trade. Every purchase is documented and every rate is published. We buy gold and silver outright — we do not provide pawning, gold loans or money exchange services.
Get specific advice where needed
If your situation involves business activity, large volumes or an estate, speak to a qualified tax adviser. This article is a general explanation only.
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