මෝඩ අනුරයා දන්නේ නැද්ද ඕවා කොහොමත් VAT වලින් නිදහස් කියලා
Sri Lanka says 43 items including medicine, foods, education exempt from VAT
Wednesday January 3, 2024 11:28 am
ECONOMYNEXT – Sri Lanka has continued to exempt 43 items from value added taxes that impacts low income households, the Finance Ministry said in statement.
The items included, education, medicines, health services (excluding hospital room charges), some essential foods and grains.
Some essential foods and grains are however subject to a special commodity levy (SCL) which is low for some foods and high for others, mainly to make the products more expensive than the global prices and give high profits to farmers and some diary producers.
Sri Lanka also controls the import of maize with both taxes and licenses, pushing up the price of poultry, eggs and milk products.
Sri Lanka had 138 items which were exempt from value added tax which was undermining state revenues, the statement said.
Among the exempt items were
Some Exempt Items
Wheat and wheat flour
Infant milk powder
Medicines, medicinal products (except perfumes), medicinal raw materials
Unani, homeopathy or Ayurveda raw materials
Crude oil, kerosene, aviation fuel, bunkers
Artificial limbs, wheelchairs, equipment for disabled, equipment used by blind persons, brail equipment, brail typewriters and items that can be exempted by the Minister on request by disabled
Organic fertilizer, artemia eggs
Agricultural seeds, plants, prawn feed, shrimp feed, except for chicken feed other animal feed
Thread for textile industry
Dye for handlooms
Exempt Services
Education Services
Public transport (except, air, waterborne transport, tourist and taxi services)
Electricity
Funeral services
BIA restaurants
Goods and services for diplomats, goods and services given by international organizations as emergency aid
Financial Services
Health Services (except room charges)
Goods under Special Commodity Levy
Locally produced handlooms
Local rice, rice flour and bread
Locally produced unprocessed, agricultural, fish items (green leaf, rubber, all vegetables, agricultural crops, fish)
Domestically made gauze for operations
Textiles under CESS tax
Services consumed outside the country for which payments come in rupees
Services to increase the value of apparel
Services for the elderly or children
Good for Strategic Development Projects
Goods or Services by Central Bank of Sri Lanka
Services provided free of charge to government
Locally produced goods for duty free shops
- https://economynext.com/sri-lanka-s...icine-foods-education-exempt-from-vat-145630/
Source: https://www.treasury.gov.lk/api/file/f6dcd174-2c78-4941-ba57-e1f1a376edd2
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