Lanka Business Online

Supreme Court issues interim order suspending VAT increase


July 11, 2016 (LBO) – Sri Lanka’s Supreme Court has issued an interim order to suspend the Value Added Tax (VAT) increase.

The order was issued after considering a petition to revoke the decision filed by an attorney representing three persons including National Freedom Front leader Wimal Weerawansa, media reports said.
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The petition also argued that Parliament approval is needed before the tax is increased.
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