JVP claims new VAT a promise given to the IMF

vijitha-herathThe Janatha Vimukthi Peramuna (JVP) claims the new Value Added Tax (VAT) is part of a promise given to the International Monetary Fund (IMF) by the Government.

JVP Parliamentarian Vijitha Herath said that the Government had promised the IMF it will increase the VAT to 15 percent and increase Government revenue.

He said the assurance had been given to the IMF when the Government had talks to obtain a fresh loan from the IMF.

The Parliamentarian told reporters today that the country is going deeper into debt by taking loans from the IMF.

He also said that the Government is putting a burden on the public instead of taking that burden off as promised before the last elections. (Colombo Gazette)