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Treasury Secretary Updates on Potential 21% VAT Hike Amid Public Servants’ Strike Demand

  • VAT may need to be increased to 20-21% if public servants’ demand for a salary increase is met
  • Government is not prepared to fulfill the demand as it would burden the public
  • Salary increase this year is not possible, but may be considered in the 2025 budget
  • Treasury Secretary made remarks during meeting with President Wickremesinghe
  • Over 200 public sector trade unions engaging in two-day ‘Sick Leave’ trade union action
  • Strike launched over demands including a salary increase

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.

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