Colombo (LNW): State Minister of Finance Ranjith Siyambalapitiya has noted a surge in import activities by businessmen ahead of the upcoming VAT revision, scheduled to take effect on January 1, 2024.
He highlighted that the daily import volume of essential goods, which typically stood at around 700 containers, has recently increased to approximately 1,000 containers.
Additionally, the State Minister clarified that organic fertilisers have been granted an exemption from the Value Added Tax (VAT).
