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Sri Lanka issues gazette hiking value added tax from June 01

Sri Lanka has raised value added tax to 12 percent from 8 percent with effect from June 01 through an extraordinary gazette published at midnight on May 31 as attempts are made to contain a runaway budget deficit engineered in 2019 by Keynesian economists for fiscal stimulus.

Sri Lanka issues gazette hiking value added tax from June 01

EconomyNext
2022-06-01
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