- Last Update 2025-04-30 13:19:00
VAT on imported fabric down by 5 per cent
Value Added Tax (VAT) on imported fabric has been reduced to 5 per cent, Finance Ministry said in a statement.
The decision to reduce the VAT was reached based on the requests made by stakeholders in the fabric industry. Minister Samaraweera signed the gazette notification in this regard.
According to the 2018 budget, the previous VAT on imported goods including fabric was 15 per cent.
The decision to amend the VAT Act by Minister Mangala Samaraweera was done with the motive of providing a helping hand to small-scale industrialists under the ‘Enterprise Sri Lanka’ scheme.
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- April 25, 2025 - 168 - 0
Rs 30 million worth tabs and mobiles left behind at duty free shop
Customs have detected 228 mobile phones and tabs valued at over Rs 30 million left behind in the duty free shopping complex at the Banaranaike International Airport today, Customs officials said.
- April 26, 2025 - 140 - 0
Your Sunday Times highlights for this week
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
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