Heavier taxes begin to bite already burdened lives View(s):By Kasun WarakapitiyaA whole host of price increases began to be felt all at the same time when the Value Added Tax (VAT) came into effect this year. Charges for telephones, cooking gas, fuel and a range of goods fell within the tax increase. A manager of a bakery at Kompannavidiya, A Nadarajan, 75, told the Sunday Times that they are waiting for the Bakery Owners Association to increase prices. If the bakers decide to raise prices, prices of buns and snacks would be increased by Rs 10, he said. She added that this move would eliminate the additional taxes on goods and services under VAT and help implementation of tax adjustments.

Source: Sunday Times January 07, 2024 17:55 UTC