Bill amending the Value Added Tax Act, No. 14 of 2002 (dated 11/01/2024) – The Ministry of Finance, Economic Stabilization and National Policies
View Pdf– Bill amending the Value Added Tax Act, No. 14 of 2002 (dated 11/01/2024) – The Ministry of Finance, Economic Stabilization and National Policies.
- The Ministry of Finance, Economic Stabilization, and National Policies proposed to amend the Value Added Tax Act, No. 14 of 2002 including Section 2 increasing VAT rate from 15% to 18% on goods/services supplied or imported goods and Section 10 reducing VAT registration threshold from Rs. 80 million to Rs. 60 million per annum, effective from 01st January 2024. Please refer the bill for more details.
