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Journey towards Recovery

Budget 2022 Analysis and Insights

Budget at a glance

  • 18%

    VAT financial services rate 15% to 18%

  • 25%

    25% surcharge tax on person with taxable income > Rs 2Bn

  • 2.5%

    Social Security Contribution levy of 2.5% on turnover > 120Mn

  • GST

    Special GST on telecommunication, motor vehicles, cigarettes, liquor, betting and gaming levy

  • Excise

    Excise duty on cigarettes and liquor to increase with immediate effect

Budget with PwC: Post-Budget Analysis 2022

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PwC Sri Lanka hosted a virtual discussion on the 12 November 2021 at 08.00 pm with our subject matter experts and guest speakers to guide you through the proposals, providing you with insights on how it will impact our economic landscape along the way.

Keynote Speaker 

Ajith Nivard Cabraal - Governor
Central Bank of Sri Lanka


S. R. Attygalle - Secretary to the Treasury  and Ministry of Finance

Dr W. A. Wijewardena - Former Deputy Governor - Central Bank of Sri Lanka

Sanjaya Mohottala - Chairman of the Board of Investment Sri Lanka

Charmaine Tillekeratne, Director - Tax Services, PwC Sri Lanka

Dilanka Jinadasa - Group CEO Hela Clothing


Sujeewa Mudalige - CEO - PwC Sri Lanka & Maldives

Ruvini Fernando, Director - Capital Projects and Infrastructure, PwC Sri Lanka

Budget Proposals 2022

Tax Updates 2021

Talk to our tax professionals

Sujeewa Mudalige

Chief Executive Officer, Colombo, PwC Sri Lanka

+94 11 771 9700 ext.5001


Charmaine Tillekeratne

Partner and Tax Leader, Tax Services , Colombo, PwC Sri Lanka

+94 11 771 9700 ext: 4201


Rishini Manatunga

Director - Tax Services, PwC Sri Lanka

T: +94 11 771 9700 ext. 4701


Tharanga Amarasena

Director - Tax Services, PwC Sri Lanka

+94 11 771 9700 ext. 4401