Cabinet approval was granted to increase the Value Added Tax (VAT) from 15% to 18% from January 1, 2024.
This was announced by Cabinet Spokesman MP Bandula Gunawardene at a Press Conference held today announcing the Cabinet Decisions approved yesterday.
Sri Lanka’s apparel industry has expressed concern over the Reciprocal Tariff policy announced by the U.S government today saying the new tariffs could significantly disrupt the country’s largest export sector and put thousands of jobs at risk.
The Police Bureau for the Prevention of Abuse of Children and Women had arrested a suspect who had allegedly distributed child related pornographic images and videos via social media platforms.
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