Sri Lanka, June 23 -- The Committee on Public Finance (COPF) has approved the Value Added Tax (VAT) (Amendment) Bill, subject to specific conditions imposed by the committee.

The meeting was held at Parliament under the chairmanship of MP Dr. Harsha de Silva, with the participation of Deputy Ministers Dr. Kaushalya Ariyaratne and Nishantha Jayaweera, along with MPs Ravi Karunanayake and Harshana Rajakaruna. MPs Wijesiri Basnayake, Attorney-at-Law Chitral Fernando, and Nimal Palihena joined the proceedings virtually.

The committee engaged in an extensive discussion on proposed amendments to the Value Added Tax Act No. 14 of 2002, with particular focus on the taxation of digital services provided by non-resident suppliers.

Members compa...