Monday, September 10, 2018

Government To Repay VAT Imposed On Purchased Goods To Foreigners From Tomorrow

Repayment of Value Added Tax
(VAT)imposed on goods purchased by the Foreign Tourists from Sri Lanka will be implemented  with effect from  tomorrow  (11) at the Departure Lounge of the Katunayake ,Bandaranaike International Airport according to the Ministry of Finance and Media.

To implement this a special Committee will be set up at the Katunayake Airport's  Departure Lounge the Ministry has stated.

This system will be implemented in view of attracting more tourists to the country as well as to convert Sri Lanka a Trade Center hub in Asia the Ministry has stated .

A number of companies agrees to this system had been registered already at the Inland Revenue Department .

Repayment of Value Added Tax imposed on purchasing goods to foreigners is a proposal made through the 2018 Budget Proposals.

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