- Government to establish VAT-Free shops if misconception about VAT on goods is not resolved
- Public has misconception that all consumer items are eligible for VAT, leading to increased prices
- Feasibility study to be conducted to select suitable locations for VAT-Free shops
- Network of shops to be established nationwide for non-VAT items such as vegetables, rice, baby milk powder
- Aim is to promote competitive and fair trade
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.
