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HomeNewsCabinet nod to raise VAT from January 2024

Cabinet nod to raise VAT from January 2024

The Cabinet of Ministers has granted its approval to increase the Value-Added Tax (VAT) from next year, the Cabinet Spokesman says.

Addressing the Cabinet press briefing today (Oct. 31), Minister Bandula Gunawardena said VAT will be raised up to 18% with effect from January 01, 2024.

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