The essential utilities including Water,Electricity and Telecommunication Rates will not be increased due to the amended Value Added Tax(VAT) System introduced through 2016-Annual Budget Proposals presented to the Parliament on last Friday according to Finance Minister Ravi Karunanayake.
The VAT from Wholesale and Retail Trade has been totally free and it reduced by 11% to 0% Minister has stressed.
Earlier there were rumors that Water and Electricity Rates may goes up due to the amended VAT System introduced through the budget.
The VAT from Wholesale and Retail Trade has been totally free and it reduced by 11% to 0% Minister has stressed.
Earlier there were rumors that Water and Electricity Rates may goes up due to the amended VAT System introduced through the budget.
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