SJB Government Promises to Eliminate 18% VAT on Fertiliser and Agriculture Inputs

• SJB leader Sajith Premadasa promises to remove 18% VAT on fertiliser and other agriculture inputs
• He plans to establish a national agriculture policy to protect farmers
• Premadasa highlights the large difference between the price of rice sold in the market and the price received by farmers for their paddy
• He blames intermediaries for earning huge profits and calls for a fair price formula for both farmers and consumers
• The government has launched a pledge loan scheme worth 9 billion rupees to support small and medium paddy millers, storage owners, and collectors in purchasing paddy at a reasonable price for farmers.

Source: economynext.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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