VAT : Govt planning to take additional Rs 30,000 from every Sri Lankan
2023-11-29
Citizens will have to pay an additional tax amount of Rs. 30,000 to the government from next year, in additionContinue Reading
Fiscal Consolidation via Value Added Taxes: Opportunities and Challenges
2023-11-29
Sri Lanka urgently needs to intensify revenue collection for macroeconomic stability and more inclusive and sustainable growth. The recent economicContinue Reading
New VAT : List of at least 21 items revealed
2023-11-20
The government’s proposed hike in Value Added Tax (VAT) to 18% from January 2024 will see the removal of eliminationContinue Reading
MP Harsha reveals a list of things new VAT will be added to
2023-11-16
The government has proposed to impose Value Added Tax (VAT) for items that previously had not been taxed, Opposition MPContinue Reading
President explains why VAT has to be increased to 18%
2023-11-02
President Ranil Wickremesinghe has acknowledged that the decision to increase Value-Added Tax (VAT) by 18% was a challenging one, drivenContinue Reading
VAT increase: Sajith slams, tells Areas govt should focus
2023-11-01
Opposition Leader MP Sajith Premadsa has criticized the recent Cabinet decisions on Value-Added Tax (VAT) and electricity tariff revision. MPContinue Reading
Cabinet approves increase in VAT from January 2024
2023-10-31
The Cabinet of Ministers has approved to increase the Value Added Tax (VAT) up to 18% with effect from JanuaryContinue Reading
Cabinet approval for two VAT reforms
2023-06-06
The Cabinet of Ministers has approved a proposal to introduce two major reforms with regard to the Value Added TaxContinue Reading
Two tax bills including Inland Revenue Bill passed
2022-12-09
The Value Added Tax (Amendment) and Inland Revenue (Amendment) Bills were passed in Parliament with a majority and with amendmentsContinue Reading
SC determines VAT Amendment Bill inconsistent with Constitution
2022-11-10
The Supreme Court of Sri Lanka has determined that the Value Added Tax (VAT) Amendment Bill is inconsistent with theContinue Reading