COPF Approves 18% VAT Increase with Amendments, Exemptions for Infant Foods and Medical Equipment

• The Committee on Public Finance (COPF) has approved an increase in the Value Added Tax (VAT) to 18%.
• The increase is subject to amendments.
• The COPF has recommended waiving the VAT for infant foods, medical equipment, and fertilizers.

Source: srilankamirror.com

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.