Inland Revenue Department releases list of goods and services exempted from VAT

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Colombo (LNW): The Inland Revenue Department has released a list of goods and services slated for exemption from the Value Added Tax (VAT) starting January 1, 2024.

Notable items on the list encompass Wheat and Wheat Flour, Infant Milk Powder, Pharmaceutical Products, Drugs, and Crude Petroleum Oil.

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