Fuel & Gas price from Jan 1st : Clarification from Finance Ministry
2023-12-28
The Ministry of Finance has announced changes that will affect the prices of fuel and LP gas from January nextContinue Reading
President clarifies IT sector VAT decision
2023-12-12
President Ranil Wickremesinghe has assured that while the IT sector of Sri Lanka will now be levied a Value-Added TaxContinue Reading
VAT : Cabinet approval for another major change
2023-12-12
Cabinet approval has been granted to reduce the Value Added Tax (VAT) registration threshold. Accordingly, the VAT registration threshold willContinue Reading
Proposal to increase VAT to 18% passed in Parliament
2023-12-11
The third reading of the Value-Added Tax (Amendment) Bill was passed with amendments in Parliament today. Accordingly, 100 Parliamentarians votedContinue Reading
VAT Bill to be debated in Parliament today after yesterday’s blunder
2023-12-11
A proposal to take up the motion on the Value-Added Tax (Amendment) Bill for debate in Parliament today has beenContinue Reading
2024 VAT : Govt prepared to reassess 97 out of 138 items
2023-12-08
The government is open to reconsidering the list of items to which Value-Added Tax (VAT) will be applied from JanuaryContinue Reading
Fuel prices will increase by 10% in Jan – MP
2023-11-30
The increase in Value Added Tax (VAT) will result in a 10% increase in fuel prices from January next year,Continue Reading
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