The government is in the midst of reviewing the Value Added Tax (VAT) exemptions granted to various products and services, in order to eliminate the unproductive tax exemptions, with a view to boost tax revenue by improving tax capacity and performance. “At this juncture, we are reviewing the VAT exemptions granted to various sectors, in order to remove unproductive tax exemptions,” Fiscal Policy Department Director General Dr. Kapila Senanayake said.
Source: dailymirror.lk
