A list of goods and services to be exempted from Value Added Tax (VAT) with effect from January 1, 2024 has been released.
The list of goods included wheat and wheat flour, infant formula, pharmaceutical products, pharmaceuticals and crude oil.
Below is the relevant list issued by the Inland Revenue Department.
en.newswave.lk-pn-vat-2023-01-18122023-e-exempt-list
