COPF approves increasing of VAT subjected to amendments

6 December 2023 10:22 am Views - 2198

Parliament, Dec.6 (Daily Mirror) - The Committee on Public Finance (COPF) has approved the increase of the Value Added Tax (VAT) to 18 percent subjected to amendments, Committee Chairman Harsha de Silva told Parliament today.

Dr. De Silva said the COPF had recommended waiving the VAT for infant foods, medical equipment and fertilizers.