Sri Lanka to remove taxes on surgeries, children’s savings

ECONOMYNEXT – Sri Lanka’s government has decided to remove value added tax on a range of medical services to reduce health care costs, Finance Minister Mangala Samaraweera said.

The VAT will be removed from services for channelling doctors, on surgeries, and on doctor’s fees from July 1, he told a news conference.

Amendments to the new tax law to give effect to the changes will be put to parliament soon.

A withholding tax being charged on children’s savings deposits will also be removed and they will not have to pay tax on their savings until they reach 18 years, Samaraweera said.

(COLOMBO, June 19, 2018)

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