Tag: Opinion: VAT Hike in Sri Lanka: Who Really Pays the Price?

By Priyanka Jayawardena Earlier this year, Sri Lanka introduced major changes to the Value Added Tax (VAT) system. The VAT rate increased from 15% to 18%, and tax exemptions were removed for 97 items, including essential goods such as gas and stationery. While these revisions aimed to boost government revenue, they have also significantly increased […]