Sri Lanka cabinet approves VAT hike to 18%

Sri Lanka approves VAT hike to 18% in push for IMF targets

COLOMBO (Reuters) -- Sri Lanka's cabinet approved a hike in Value Added Tax (VAT) up to 18% from the current 15% with effect from Jan.

Sri Lanka cabinet approves VAT hike to 18%

COLOMBO : Sri Lanka's cabinet approved a hike in Value Added Tax (VAT) up to 18 per cent from the current 15 per cent with effect from Jan. 1, 2024, said Transport Minister Bandula Gunawardana.State tax revenue of the first nine months of 2023 rose 51 per cent as compared to the same period last year but

TAX HIKE: Sri Lanka to increase VAT to 18% in 2024

COLOMBO (News 1st); The Sri Lankan Cabinet granted approval to increase the value added tax to 18% with effect from the 1st of January 2024, and impose - Get the latest breaking news and top stories from Sri Lanka, the latest political news, sports news, weather updates, exam results, business news, entertainment news, world news and much more from News 1st, Sri Lanka's leading news network.