The government has made 09 key revenue proposals in the Appropriation Bill for the 2026 financial year. Addressing the Parliament today, President Anura Kumara Dissanayake outlined the following revenue proposals; Imposition of Value Added Tax (VAT) and Social Security Contribution Levy on imported coconut oil and palm oil; It has been proposed to remove the Special Commodity Levy on imported coconut oil and palm oil, and instead implement the general tax structure, including Value Added Tax (VAT), Effective from April 2026. Reduction of the registration threshold of Value Added Tax and Social Security Contribution Levy: The government has proposed to…
What are the revenue proposals in Budget 2026?
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