Government Plans to Establish VAT-Free Shops Islandwide to Address Misconceptions about VAT on Goods

• Government to establish VAT-Free shops if misconception about VAT on goods is not resolved
• Public has misconception that all consumer items are eligible for VAT, leading to increased prices
• Feasibility study to be conducted to select suitable locations for VAT-Free shops
• Network of shops to be established nationwide for non-VAT items such as vegetables, rice, baby milk powder
• Aim is to promote competitive and fair trade

Source: newswire.lk

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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