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Government initiates VAT exemption for Ayurvedic products and medicines to lower healthcare costs
State Minister of Indigenous Medicine Sisira Jayakody at a media briefing held at the Presidential Media Centre today (04) announced a significant step toward reducing healthcare costs by exempting Ayurvedic products, medicines and industries related to indigenous medicine from Value Added Tax (VAT). The decision aims to make traditional medicine more accessible to the public.
Additionally, the State Minister mentioned that the cabinet has granted approval for the establishment of a special bureau dedicated to addressing issues affecting native doctors and ensuring the sustainability of the indigenous medicine system.