VAT or no VAT?

12 July 2016 09:51 am

A vendor sells toys and balls on the Galle Face promenade in the centre of Colombo. Sri L anka’s Supreme Court yesterday temporarily suspended the government tax hikes that came into effect on May 2 as they are yet to be approved by parliament. The government said the bill on value-added tax (VAT) is expected to get the parliament nod end of this month (AFP photo)