Value-Added Tax

The National Book Traders Association says that the price of printed books has increased by 20% due to the imposition of Value Added Tax (VAT) and Nation Building Tax (NBT). Sri Lanka Book Publishers’ Association President, Samantha…

President Ranil Wickremesinghe, delivering the government’s policy statement in Parliament on Wednesday (Feb.07), revealed that the government aims to alleviate the tax burden on the people as the economy continues to stabilize with the…

The Leader of the Opposition Sajith Premadasa has met with a group of representatives of the International Monetary Fund (IMF) who are on an official visit to Sri Lanka. The IMF delegation was led by Senior Mission Chief for Sri Lanka…

Prices of Special Arrack and Coconut Arrack are to be increased by a substantial amount in line with the hike in excise duty and the Value-Added Tax (VAT). Accordingly, the prices are supposed to go up by around Rs.400 per bottle.

The prices of all liquor products manufactured by the Distilleries Company of Sri Lanka PLC (DCSL) are expected to go up from 01 January 2024. Accordingly, the prices of all DCSL brands of liquor will be increased by Rs. 90, Rs. 50 and…

The Cabinet of Ministers, at its meeting on Monday (Dec.11), has granted approval to reduce the Value-Added Tax (VAT) registration threshold. As such, the VAT registration threshold is expected to be slashed from Rs.80 million per annum…