VAT revision from July 1 a Tax simplification move, not increase Deputy Minister
The Deputy Minister of Economic Development, Nishantha Jayaweera, clarifies that the VAT revision effective July 1 is a tax simplification move, not an increase. Reports about the gazette notification are addressed, indicating the change aims to streamline the tax system rather than raise rates. source http://www.adaderana.lk/news.php?nid=122065