Announcement
09 Nov 2012
In November 2012, the government of Sri Lanka announced its new budget with several implications for international trade.
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Number of interventions
5
3 certainly harmful
0 likely harmful
2 liberalising
List of interventions
Implementation date
01 Jan 2013
Revocation date:
No revocation date
Updated: 09 Nov 2012
Tax or social insurance relief
In force
The budget announced the following tax concession for Small and Medium Enterprises -
Exemption from Value Added Tax and Nation Building Tax for persons or partnerships whose total annual turnover fr...
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Implementation date
09 Nov 2012
Revocation date:
08 Jan 2014
Updated: 09 Nov 2012
Internal taxation of imports
The budget speech also included the announcement of exemptions for certain imports from domestic VAT.
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Updated: 09 Nov 2012
Other import charges
On 9 November 2012, the Sri Lankan Minister of Finance and Planning presented the budget for 2013 in the Parliament. The speech included the followin import tariff rebates:
Port and Airport levy:
E...
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Implementation date
09 Nov 2012
Revocation date:
08 Jan 2014
Updated: 09 Nov 2012
Export tax
Besides import tax changes, the minister also announced an increased export tax for selected products.
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Updated: 09 Nov 2012
Other import charges
In the speech, the minister also announced an increase of the import cess on a wide range of HS codes.
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