Amended VAT Bill presented to Parliament

4 October 2016 03:01 pm Views - {{hitsCtrl.values.hits}} 5 Bookmark

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The Value Added Tax (VAT) Amendment Bill was presented to Parliament by Higher Education Minister Lakshman Kiriella, a short while ago.

This is the second time the Bill is being presented to the House.

The amended VAT Bill includes an increase of tax on retail and wholesale outlets to Rs.50 million a year.

The new bill also imposes VAT on private health services with the exclusion of diagnostic tests, dialysis and OPD charges.

The tax will also be imposed on telecommunication services, tobacco products, powdered milk which contains added sugar and other sweeteners.

Comments - 5

Labby Tuesday, 04 October 2016 03:15 PM

Ok JO, its time to run to courts again.

3 6

Bala Tuesday, 04 October 2016 03:27 PM

And the court or JO must say how to recover the devastation left behind with serious debts.

7 0

spirit Tuesday, 04 October 2016 03:45 PM

Increase everything, No work, Duty free vehicles to Ministers, MPs, No Highways, KATIN BATHALA...

1 7

ANTON Tuesday, 04 October 2016 03:51 PM

PAALU GEDARA VALAN BINIDINAVA ............

0 1

UNP supporter Tuesday, 04 October 2016 11:02 PM

The consequences of this will be firstshown in the LG elections. via DM Android App

0 0

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