- Government proposes to impose VAT on previously untaxed items
- VAT to be increased from 15-18%
- VAT to be imposed on fuel, gas, fertilizer, electronic equipment, medical equipment, national software, tea leaves, and latex
- MP Harsha de Silva criticizes the lack of mention of these changes in the President’s budget speech
- MP calls for transparency in how VAT will be imposed and money collected.
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.
