ANNOUNCEMENT 09 Nov 2012
In November 2012, the government of Sri Lanka announced its new budget with several implications for international trade.
NUMBER OF INTERVENTIONS
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:
In the speech, the minister also announced an increase of the import cess on a wide range of HS codes.
Besides import tax changes, the minister also announced an increased export tax for selected products.
The budget speech also included the announcement of exemptions for certain imports from domestic VAT.
The budget announced the following tax concession for Small and Medium Enterprises -
Sri Lankan Rupee to USD conversion as on 9 November 2012 - LKR 130.81 / 1 USD