Govt. grants duty and rate relief to tourism sector

8 May 2019 04:30 am Views - {{hitsCtrl.values.hits}} 5 Bookmark

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The Cabinet decided yesterday to grant a tax exemption for the import of security equipment to be used in the tourism sector following the terror strikes on April 21, Daily Mirror learns.

Accordingly, those in the industry can import equipment such as metal detectors and security scanners without any tax.

Besides, the Government also announced an economic relief package for the tourism sector to recover from the impact of the serial bombings that also targeted three high-end hotels in Colombo killing more than 50 foreign nationals.

According to sources, the Government had agreed to give a debt moratorium till the end of this year for the sector to recover from the loss.

Besides, bank interest rates for loans would be reduced and the rate of Value Added Tax (VAT) to five percent from 15 percent.(Kelum Bandara)

Comments - 5

Paul Lynch Wednesday, 08 May 2019 08:14 AM

"relief package for the terrorism sector"?

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Shathees Wednesday, 08 May 2019 08:24 AM

Besides, the Government also announced an economic relief package for the terrorism sector to recover from the impact of the serial bombings that also targeted three high-end hotels in Colombo killing more than 50 foreign nationals. Pls correct the wording

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ice Wednesday, 08 May 2019 08:45 AM

This "Akila wins cabinet approval for Rs. 3.5 bn tab project" would have used to support the famalies of the tourism sector. My goodness. 3.5 bn for tab? Is this what is needed? Where are the school children? Go take a walk in your country.

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sanjeeva w Wednesday, 08 May 2019 08:46 AM

All Islamic countries should send a massive delegation of tourists immediately as a mark of friendship and as a confidence - building measure to global tourists that Sri Lanka is a safe tourist destination now.

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Ice Wednesday, 08 May 2019 11:46 AM

Good move for baggage and body scanning machines. Which brand and who is the company who are importing these?

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