COLOMBO (News 1st) – Five Gazettes to be presented to Parliament for approval were considered in the Committee on Public Finance recently and approval was obtained for four gazettes.
This approval was given after an analysis of the relevant Gazettes at the Committee on Public Finance which met recently (Oct.
20) under the chairmanship of (Dr.) Harsha de Silva, Member of Parliament.Thus, the approval of the Committee was obtained for Gazette No.
2282/26, which is stipulated under the Value Added Tax Act No. 14 of 2002 as amended by Act No. 6 of 2005. This Gazette was published in relation to increasing the value added tax (VAT) to 12%.The regulation under the Excise Ordinance published under the Extra Ordinary Gazette No.