Sri Lanka to charge 15-pct VAT on air tickets, houses, healthcare, milk products
ECONOMYNEXT -Sri Lanka will tax air tickets, housing, sweetened milk and healthcare at 15 percent under in value added increases approved by the cabinet of ministers.
There will be some exemptions for outpatient treatment, dialysis and medical tests, Information Minister Gayantha Karunathilake said.
A 15 percent VAT will also be imposed on tobacco and telecom services. Sri Lanka already has charges high levels of taxes around 30 percent on telecom services.
VAT will also be charged on air tickets from an airport in Sri Lanka to a foreign airport.
The changes will be gazetted and also passed in parliament, Minister Karunathilake said. (Colombo/Sept14/2016)