VAT to be imposed on some private health services

New VATThe new amended Value Added Tax (VAT) will be imposed on some private health services as well, the Government said.

According to the Government, the new VAT will not affect diagnostic tests, dialysis and OPD services.

As per the budget proposals 2016, the special cabinet decision made on 04-03-2016 and as per the recommendation made by the Cabinet Committee on Economic Management on 15-06-2016, it has been decided to amend the provisions on VAT.

Accordingly, a proposal made by Ravi Karunanayake, Minister of Finance, to publish in the gazette and then present to parliament the Value Added Tax (Amendment) Bill including several amendments instead of the previously presented bill, was approved by the Cabinet of Ministers.