VAT gazette published
Posted by Editor on June 1, 2022 - 12:04 pm
The gazette notification on the increase in the Value Added Tax (VAT) was published today (June 01) under the signature of Sri Lankan Finance Minister Ranil Wickremesinghe.
The VAT shall be charged:
(a) On import of goods set out in the H. S. Code and description specified in Column I and II of Schedule of the Extraordinary Gazette Notification No. 2095/20 dated November 01, 2018, at the rate specified in the corresponding entry in Column III of such Schedule; and
(b) On the import and/or supply of goods or supply of services, other than the import of goods as referred to under sub-paragraph (a) of this paragraph, at the rate of twelve per centum (12%)
Latest Headlines in Sri Lanka
- U.S. to deport 3,065 Sri Lankans amid crackdown on illegal immigrants January 31, 2025
- N.B.M. Ranatunga Resigns as NHDA Chairman January 31, 2025
- Sri Lanka Customs launches 4-day drive to clear container backlog January 31, 2025
- Three shot dead in Hiniduma, Galle January 31, 2025
- Governor Hanif Yusoof files CID complaint against ‘Baseless’ allegations January 30, 2025
