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New Year Shopping Crowd In Colombo

A foreign tourist is walking through the main market in Pettah, Colombo, Sri Lanka, on December 30, 2023. (Photo by Akila Jayawardena/NurPhoto) Sri Lanka's cabinet is approving a 3% VAT increase from 15% to 18%, effective from January 1, 2024, with the aim of meeting revenue targets and securing International Monetary Fund loans.

Photo Details

Photo ID	#10880875
Date Taken	30 December 2023
Location	N/A
Photographer	Akila Jayawardena/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2026 NurPhoto - Akila Jayawardena/NurPhoto

Related Keywords

Sri LankaColomboPettahShopping Smart TVSouth AsiaVATAsia2024New Foreign tourist Petta main market Colombo Sri Lanka December 30 2023 Sri Lanka's cabinet 3% VAT increase 15% 18% January 1 2024 revenue targets International Monetary Fund IMF loans Akila Jayawardena NurPhoto value-added tax economic measures taxation financial policy government revenue market visit tourism fiscal policy economic reform budgetary goals international finance economic stabilization cabinet decision tax policy sales tax financial strategy economic adjustment financial support photojournalism

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