Parliament approves VAT increase from 15% to 18%

2 April 2024 04:59 pm Views - 2686

By Ajith Siriwardana and Yohan Perera

Parliament, April 2 (Daily Mirror)- The order under the Value Added Tax (VAT) which proposed to increase the VAT percentage from 15 percent to 18 percent was passed in Parliament with a majority of 36 votes.

A total of 55 MPs voted in favour while 19 MPs voted against.

The gazette notification for the amendment was issued in January this year.