Cabinet has today (13) approved the proposed VAT (Value Added Tax) amended Bill submitted to Cabinet by the Finance Minister Ravi Karunanayake.Although the government has attempted to submit the Bill to the Cabinet on several occasions, due to the opposition of opposition MP's it has been delayed and amended several times.
Under the The VAT Amended Bill the increase of VAT from 11% to 15% is due to remain further it has been reported.
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