Import Tax Exemption Schemes in Sri Lanka
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Export promotion has been a key policy objective of successive governments of Sri Lanka. The Government aims to .....
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Wading Through Murky Waters: Sri Lanka’s Import Tax Exemption Schemes
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Import taxes are critical for government revenue. However, these taxes are often high and prevent businesses from becoming more efficient - businesses sometimes have to pay up to five different taxes when importing essential materials and products. The government has...
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Loopholes hamper outcome of import tax relief programs – Study
Tax exemptions come as a shot in the arm for businesses saddled with various taxes such as Import Duty, Import Cess, Port and Airport Development Levy, Nation Building Tax (NBT) and Value Added Tax (VAT) which are key revenue sources...
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Import taxes are an important part of an economy. They provide tax revenue, raw materials and products that directly affect the lives of people. However, a recent study has found that Sri Lanka’s import tax exemption schemes are too opaque,...
continue readingStudy finds Sri Lanka import tax exemption schemes prone to abuse
Sri Lanka’s import tax exemption schemes are not transparent, subject to undue official discretion and prone to abuse, a study by the Verité Research think-tank has found. Called ‘Wading Through Murky Waters’, the think-tank said its findings were a case...
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Opaque import tax exemptions pave way for abuse: Report
Sri Lanka’s import tax exemption schemes are too opaque, resulting in them being open to abuse and corruption, a case study by a prominent think tank has found, with decisions frequently subject to officials’ discretion as regulations are unavailable to...
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Study reveals SL’s import tax exemption schemes prone to abuse
Sri Lanka’s import tax exemption schemes are prone to abuse as they lack predictability, efficiency and openness, a study by a Colombo-based think tank has revealed. The import taxes are a critical source of government revenue. Depending on the product,...
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Bringing Sri Lanka’s traders one step closer to global market
By Marcus Bartley Johns Sri Lanka’s traditional lacework famously known as Beeralu is slowly moving into the spotlight of the global fashion industry. Udeni, who is a traditional Beeralu lace maker from Galle, learned the technique from her mother and...
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දුම්වැටි මිලකරණයේ සැඟවුණු පැතිකඩ
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ශ්රී ලංකාවේ ජනමාධ්ය, දුම්වැටි කර්මාන්තය හා දුම්වැටි බදු ගැන, බොහෝ අවස්ථාවලදී, මවනුයේ නිවැරදි චිත්රයක් නොවේ.එකී අදහස් දැක්වීම්, ශ්රී ලංකාවේ දුම්වැටිවල ඒකාධිකාරි නිශ්පාදකයා වන ශ්රී ලංකා දුම්කොළ සමාගමට වාසි වන අයුරින් ඉදිරිපත් කර ඇති බව ෙපනී යන්නකි. ‘දුම්කොළ බද්ද ගැන ඇති...
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