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Important Announcement: VAT Introduction on Solar Products Effective January 2024

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15Dec

Dear Esteemed Customers,

DON’T DELAY – ACT TODAY! WE CAN HELP YOU AVOID THE VAT LEVY ON SOLAR PANELS AND INVERTERS!

At the forefront of delivering crucial updates that influence your energy choices, we have urgent news regarding an imminent change in Sri Lanka’s VAT regulations. As per our article posted on November 16th, we can now confirm that a VAT levy will be introduced to Solar Panel and inverters.

Commencing January 2024, there will be a notable increase in the VAT rate, elevating it from 15% to 18%. This adjustment is poised to impact prices across multiple product categories.

The Sri Lankan government has enacted a decision to introduce an 18% VAT on Solar panels and Inverters, previously taxed at 0%, effective January 2024. This modification is expected to prompt an upsurge in Solar system prices from the start of the new year.

The On Solar Sri Lanka team boasts comprehensive expertise in exploring diverse financing alternatives, encompassing government incentives and private funding schemes. They stand ready to provide tailored guidance, ensuring a seamless and informed transition towards embracing solar energy.

CONTACT US TODAY, FOR YOUR FREE, NO-OBLIGATION CONSULTATION!

For Financial Advice, reach out to

Mr. Devapriya Muthuwady CFO

Direct Line: 0777 587 184
Office: 112 516 616
Email: dm@on-eco.com

Stay informed, stay empowered, and let us guide you through this crucial transition in the energy landscape.

Warm regards, Team On Solar

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