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Cabinet decides to reduce VAT to 8%

(UTV|COLOMBO) – The Cabinet of Ministers has decided to reduce the Value Added Tax (VAT) from 15 per cent to 8 per cent, Prime Minister Mahinda Rajapaksa stated.

The first Cabinet meeting of the new Government, chaired by President Gotabaya Rajapaksa, took place at the Presidential Secretariat this morning (27).

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