Hirunews Logo
VAT+To+Be+Increased+To+15%25+From+2nd+Of+May
Friday, 15 April 2016 - 12:53
VAT To Be Increased To 15% From 2nd Of May
167

Shares
20,139

Views

The Ministry of Finance has announced the Value Added Tax to be increased to 15 percent from the 2nd of May.

In addition, it has been decided to impose a VAT for the supply of telecommunication as well as health services.

VAT will be imposed on all supplies of goods and services for any project, with the exception of housing projects.

Releasing a statement on its website, the Finance Ministry further noted that the NBT also known as the Nation Building Tax will remain unchanged at 2 percent.

However, the Telecommunication services and power supply will be subjected to the Nation Building Tax from the 2nd of May.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
Top 25 beaches in the world
Saturday, 25 February 2017 - 12:02
TripAdvisor Travellers' Choice awards reveals top 25 beaches in the world. Baia do Sancho on the Brazilian archipelago Fernando de Noronha takes the top... Read More
News Image
Hiru News Programme Segments
158 Views
4,331 Views
2,710 Views
4,441 Views
3,267 Views
48,546 Views
Top