Reduction on VAT 20 % to 12%

9 March 2011 09:47 am Views - {{hitsCtrl.values.hits}} 20 Bookmark

CHATURANGA PRADEEP SAMARAWICKRAMA Follow

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The government is to introduce a service of tax reforms including the reduction on VAT from current 20 percent to 12 percent, cabinet spokesman Anura Priyadarshana Yapa said at the press briefing today. (SAJ)

Comments - 20

j Wednesday, 09 March 2011 12:32 PM

Good for stock market Traders, Tomorrow it will be up.

1 5

Tee Wednesday, 09 March 2011 04:09 PM

only on luxury vehicle

1 8

rohith Wednesday, 09 March 2011 02:30 PM

This was announced in the last budget. What is he talking? Woken up only now?

1 8

Dil Wednesday, 09 March 2011 02:38 PM

As per my knowledge VAT was @ 12% already (As I remember this was reduced to 12% from 15% before 1 years back) except for Financial service & luxury items. That also reduced to 12% from 1st of January 2011. So which change is he referring?

2 12

kandy boy Wednesday, 09 March 2011 02:30 PM

Good news for all ?? !! ??

7 0

Cobra Wednesday, 09 March 2011 02:19 PM

Election gundus coming at a rate!!!

1 8

harsha Wednesday, 09 March 2011 02:14 PM

now government play tricks to get some poor votes from public telling this and that

1 8

Calistus Jayatilleke Wednesday, 09 March 2011 01:24 PM

VAT? "Very Appropriate Talk" during these election times to grab a few more votes from the unsuspecting public.

3 10

rajiv Wednesday, 09 March 2011 01:18 PM

But do you get any item under 20% VAT Category ? I thought all 20% has been changed since June Last Year ??

4 1

Ramesh Wednesday, 09 March 2011 12:59 PM

i believe you were to say "Suffering" people....

0 8

Konde bendapu china Wednesday, 09 March 2011 09:56 AM

from This who will get the Benefit,

3 9

wefsfg Wednesday, 09 March 2011 11:11 AM

current is 12% what is the wrong????????

5 1

Maidan Wednesday, 09 March 2011 11:09 AM

It is already 12%. Isn't it

4 9

newsjunkie Wednesday, 09 March 2011 10:55 AM

i think "surfing" people are all right!

0 13

Tharaka Chanaka Wednesday, 09 March 2011 10:46 AM

VAT reduced down to 12% ... Government Welfare Tax to be introduced 8%

2 8

Nimal Wednesday, 09 March 2011 10:45 AM

Good move! Hope the govt. will not introduce it in some other form. Now, this relief should be directly passed on to the consumer.

0 7

lankaputha Wednesday, 09 March 2011 10:26 AM

please tell us, which items will go cheap after this and what would be the expected price reduction. That is what is important to the public.

4 21

Bird Eye Wednesday, 09 March 2011 10:21 AM

Election gymmic.

8 37

Vish Wednesday, 09 March 2011 10:11 AM

Good news on the way.. bt for how long?

2 22

w g l Wednesday, 09 March 2011 10:05 AM

this benefits must go to surfing peoples other wise no use do same thin this must go to the poor peoples

2 20

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