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2 sourcesJun 23, 2026

Govt not to implement VAT, SSCL threshold cut to Rs. 36Mn from July 1

Deputy Minister of Economic Development, Nishantha Jayaweera, has announced that the budget proposal to reduce the annual turnover threshold for

Hiru News - English•Jun 23, 2026
Government drops plan to lower VAT and SSCL threshold
By Hiru News English
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Summary

The proposal to reduce the annual turnover threshold for Value Added Tax and Social Security Contribution Levy from Rs. 36 million, which was proposed in this budget to be implemented from the upcoming 1st of July, will not be implemented. Deputy Minister of Economic Development Nishantha Jayaweera stated this while addressing the parliamentary session held today (23).

Summarised from Hiru News - English

What this story is about

People
  • Nishantha Jayaweera2
Organisations
  • VAT2
  • Parliamentary Consultative Committee
  • Social Security Contribution Levy
  • Parliament of Sri Lanka
  • Cabinet of Ministers
  • Value Added Tax and
  • Value Added Tax
  • Opposition
Keywords
  • threshold2
  • sscl2
  • government
  • implement
  • drops
  • lower
  • govt
  • july
  • plan
  • cut

Names and places drawn from every article in this story. The number shows how many of them mentioned it.

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  • Govt not to implement VAT, SSCL threshold cut to Rs. 36Mn from July 1NewsWire English·Jun 23, 2026
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