- VAT bill and Committee Stage amendments passed by Parliament in Sri Lanka
- Key changes include the introduction of a new VAT exemption list
- The new list is titled as Part III and is effective from 1 January 2024
- The bill does not include any provisions for the removal of the Simplified Value Added Tax (SVAT) Scheme.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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