Oct 25, Colombo: The Committee on Public Finance considered five Gazettes to be presented to Parliament for approval when it met recently under the chairmanship of MP Dr. Harsha de Silva and granted approval for four gazettes after an analysis of the relevant Gazettes.
The approval of the Committee was obtained for Gazette No. 2282/26, which is stipulated under the Value Added Tax Act No. 14 of 2002 as amended by Act No. 6 of 2005. This Gazette was published in relation to increasing the value added tax (VAT) to 12%.
Source: colombopage.com
