Interim Trade and Customs Based Tax Policy Framework presented to Cabinet

Prime Minister, Mahinda Rajapaksha in his capacity as the Minister of Finance presented the Interim Trade and Customs based Tax Policy Framework prepared in accordance with the recommendations of committee on Interim Trade and Customs based Tax Policies, appointed by H.E. The President Gotabaya Rajapaksa. Accordingly, items imported are categorized as follows.

1. Essential items that can be imported as normal, without limits
2. Items that can be imported by paying the percentage of taxes levied under the Special Commodity Levy Act
3. Items imported by the supplier on loan agreements for more than 90 days
4. Items that Importation is suspended temporary

Cabinet approval was given to publish the gazette notification presented considering the limitations of foreign exchange in the country under current circumstances with the objective of building a national economy. “If entrepreneurs have any questions, they should send their issues to the Secretary to the Ministry of Finance only via email,” it was further stated.

The post Interim Trade and Customs Based Tax Policy Framework presented to Cabinet appeared first on Adaderana Biz English | Sri Lanka Business News.

adaderana business