Sri Lankan has approved to increase the value added tax (VAT) to 18 per cent from January, 2024, cabinet spokesperson Bandula Gunawardena said on Tuesday.
At a press conference here on Tuesday, Gunawardena said that increased VAT will also be imposed on certain goods and services that are currently not being taxed.
Source: menafn.com
Latest Posts in "Sri Lanka"
- CRTA Warns of Severe Impact on Rubber Industry Due to SVAT Removal in Sri Lanka
- Sri Lanka Postpones VAT on Digital Services to April 2026 Due to Compliance Issues
- Sri Lanka Rubber Industry Urges Delay in SVAT Removal to Prevent Liquidity Crisis
- KPMG Experts Discuss SVAT Abolition and Sri Lanka’s Tax Transition
- Sri Lanka postpones digital VAT on global platforms until April 2026
