Water tariffs set to rise in 2024 following VAT increase

30 December 2023 03:35 pm Views - 1469

Colombo, Dec 30 (Daily Mirror) - The National Water Supply & Drainage Board (NWSDB) revealed that water tariffs will experience a 3% hike starting January 2024. 

This adjustment aligns with the revised Value Added Tax (VAT) scheduled to be implemented on January 1.

The VAT (Amendment) Bill passed in Parliament on December 11, granting approval for an increase from the existing 15% to 18%. 

Consequently, the NWSDB has decided to reflect this change in water tariffs, affecting consumers from the beginning of the new year.