Government To Increase The Value Added Tax(VAT) From 11% To 15% From 02nd Of May

The government has decided to increase the Value Added Tax(VAT) from 11% to 15%   including the Health and Telecommunication Sectors with effect from 02nd of May according to the Ministry Of Finance.

The goods imported to Sri Lanka and goods and services supplied within territorial limits of Sri Lanka are subjected for this Tax increase the Ministry has stated.

Prime Minister Ranil Wikramasinghe has announced in Parliament last March that the government will increase the Value Added Tax from 11% to 15% .