New 15 percent VAT exempted from several items including fuel

New VATThe new 15 percent VAT has been exempted from several items including fuel, the Ministry of Finance said today.

VAT is being increased from 11 percent to 15 percent with effect from today but several essential items have been exempted from the list.

Among the items exempted are petrol and diesel and aviation fuel as well as wheat, rice, milk powder, mobile phones and healthcare services and education. (Colombo Gazette)

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