Sri Lanka approves VAT hike to 18% in push for IMF targets

Sri Lanka's cabinet approved a hike in Value Added Tax (VAT) up to 18% from the current 15% with effect from Jan. 1, 2024, said Transport Minister Bandula Gunawardana. State tax revenue of the first nine months of 2023 rose 51% as compared to the same period last year but tax collection targets…#srilanka #valueaddedtax #vat #bandulagunawardana
Source: Reuters: Health - Category: Consumer Health News Source Type: news