The Hon. Sunil Handunnetti - Minister of Industry and Entrepreneurship Development
VAT had been applied to domestically manufactured pharmaceutical products and to imported bulk drugs that were packed locally. The Minister stated that the Budget provides for the removal of VAT on those pharmaceutical products.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Deputy Speaker, regarding the matter raised by the Hon. Member: VAT existed on domestically manufactured pharmaceutical products. When bulk drugs are imported and packed here, VAT applied to those preparations as well. There is provision here; in this Budget VAT is removed for those pharmaceutical products.
Provenance
- Source
- Hansard, Tuesday, 25 February 2025 ·No. 1741258607035810 ·English daily/uncorrected Hansard
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Cite as: The Hon. Sunil Handunnetti - Minister of Industry and Entrepreneurship Development. 10th Parliament, Parliament of Sri Lanka. Hansard, 25 February 2025. No. 1741258607035810. Politick, https://staging.politick.io/lk/speeches/26614