Saturday, 10 May 2025
IMF should approve VAT change

IMF should approve VAT change Featured

As per the agreements reached with the IMF with regard to the VAT, the IMF director board should approve any changes to the tax ratio, reports say.

The VAT was raised to 15 per cent for selected categories from May.

Following a court order, the VAT amendment bill was dropped from the parliament agenda paper.

As a result, the income envisaged by the IMF cannot be earned.

In view of this situation, maintaining the budget deficit at 5.4 has become a difficulty, reports add.

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