Srilanka, Feb. 20 -- The Cabinet has granted approval to amend the Inland Revenue Act No. 24 of 2017 and the Value Added Tax Act No. 14 of 2002. Following decisions made on December 9, 2024, and February 3, 2025, the Legal Draftsman prepared the draft amendments for both acts.

The Attorney General has approved these drafts, and the proposal to publish the bills in the Government Gazette and submit them to Parliament for approval has also been endorsed by the Cabinet.

Published by HT Digital Content Services with permission from Daily News Sri Lanka....