Reduction on VAT 20 % to 12%

9 March 2011 09:47 am - 20 - {{hitsCtrl.values.hits}}

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The government is to introduce a service of tax reforms including the reduction on VAT from current 20 percent to 12 percent, cabinet spokesman Anura Priyadarshana Yapa said at the press briefing today. (SAJ)

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Comments - 20

j Wednesday, 09 March 2011 12:32 PM

Good for stock market Traders, Tomorrow it will be up.

Tee Wednesday, 09 March 2011 04:09 PM

only on luxury vehicle

rohith Wednesday, 09 March 2011 02:30 PM

This was announced in the last budget. What is he talking? Woken up only now?

Dil Wednesday, 09 March 2011 02:38 PM

As per my knowledge VAT was @ 12% already (As I remember this was reduced to 12% from 15% before 1 years back) except for Financial service & luxury items. That also reduced to 12% from 1st of January 2011. So which change is he referring?

kandy boy Wednesday, 09 March 2011 02:30 PM

Good news for all ?? !! ??

Cobra Wednesday, 09 March 2011 02:19 PM

Election gundus coming at a rate!!!

harsha Wednesday, 09 March 2011 02:14 PM

now government play tricks to get some poor votes from public telling this and that

Calistus Jayatilleke Wednesday, 09 March 2011 01:24 PM

VAT? "Very Appropriate Talk" during these election times to grab a few more votes from the unsuspecting public.

rajiv Wednesday, 09 March 2011 01:18 PM

But do you get any item under 20% VAT Category ? I thought all 20% has been changed since June Last Year ??

Ramesh Wednesday, 09 March 2011 12:59 PM

i believe you were to say "Suffering" people....

Konde bendapu china Wednesday, 09 March 2011 09:56 AM

from This who will get the Benefit,

wefsfg Wednesday, 09 March 2011 11:11 AM

current is 12% what is the wrong????????

Maidan Wednesday, 09 March 2011 11:09 AM

It is already 12%. Isn't it

newsjunkie Wednesday, 09 March 2011 10:55 AM

i think "surfing" people are all right!

Tharaka Chanaka Wednesday, 09 March 2011 10:46 AM

VAT reduced down to 12% ... Government Welfare Tax to be introduced 8%

Nimal Wednesday, 09 March 2011 10:45 AM

Good move! Hope the govt. will not introduce it in some other form. Now, this relief should be directly passed on to the consumer.

lankaputha Wednesday, 09 March 2011 10:26 AM

please tell us, which items will go cheap after this and what would be the expected price reduction. That is what is important to the public.

Bird Eye Wednesday, 09 March 2011 10:21 AM

Election gymmic.

Vish Wednesday, 09 March 2011 10:11 AM

Good news on the way.. bt for how long?

w g l Wednesday, 09 March 2011 10:05 AM

this benefits must go to surfing peoples other wise no use do same thin this must go to the poor peoples

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Reduction on VAT 20 % to 12%

Comments - 20

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