Earlier this week it was revealed that, the Value Added Tax (VAT) was scheduled to be increased to 15 % from 2 May.

Prime Minister Ranil Wickremesinghe addressing the Parliament stated that the Value Added Tax (VAT) will be increased to 15%, while the Nation Building Tax (NBT) will stay unchanged. The Prime Minister further added that such an increase was necessary to face Global Economic changes.

(news.lk)