‘VAT increased to 20.5%’ claim false
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Source: Daily News
Published: 2026-05-05 05:47 UTC+10:00
Section: Business
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Culture & Entertainment, Property, Tax & Budget, Media, Business & Economy
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Snippet:
Deputy Minister of Economic Development Nishantha Jayaweera emphasizes that the claims circulating on social media that the Value Added Tax (VAT) has been increased to 20.5 percent based on a recently issued gazette notification by the government, are completely false and baseless.
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