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SRI LANKA: VAT Rises 4% to 15% in Bid to Meet International Debt Commitments

VAT is to be raised to 15% for nine months following approval by the Sri Lankan parliament expected by the end September.

The 4% increase has been instituted in a bid to meet international debt commitments, including due repayments on a US$4.5 billion World Bank loan.

Content provided by Picture: HKTDC Research
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