Fuel and gas will be exempted from the Port and Airport Levy (PAL) when imposing the Value Added Tax (VAT) from January 1 next year, Tax Policy Advisor at the Ministry of Finance Thanuja Perera said.
She told a special news conference at the Presidential Media Centre (PMC) that the 7.5 percent PAL would be removed when imposing the 18 percent VAT on fuel and gas.
She said therefore the prices of diesel and petrol will not go up by 18 percent even after the 18 percent VAT increase.
(dailymirror.lk)
