Tag: New Year
New Year, New VAT: Can Sri Lanka’s Poor Cope with the Increase?
By Lakshila Wanigasinghe: Ringing in the new year for Sri Lankans was an increase in the value-added tax (VAT) rate to 18% and a withdrawal of tax exemptions on several goods and services. The last day of 2023 witnessed long queues as people rushed to stock up on essentials such as fuel and gas. Although queues […]