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Sri Lanka to increase VAT from September

30 Aug 2022

President Ranil Wickremesinghe says the Value-Added Tax (VAT) will be increased effective from September 01. He made this remark presenting the Appropriation (Amendment) Bill, for the remainder of the fiscal year 2022, to the parliament a short while ago today (30). Accordingly, the VAT will be increased from 12% to 15%, he added.


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