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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2554

Exporters to be advised on tax benefits and tariff structures and incentives

By Quintus Perera - Asian Tribune

Colombo, 16 July, (Asiantribune.com): The Sri Lanka Shippers’ Council (SLSC) & the Academy for International Trade and Transport (AITT) the training arm of the Sri Lanka Freight Forwarders’ Association has organized another industry workshop to educate exporters on tax benefits and tariff structures/incentives available and to discuss ways and means that are available under different incentive schemes to expand and enhance export industry and related service industries in Sri Lanka.

The current environment for expansion of existing businesses or entering into new areas of exports and related services is a problem for most companies as they are finding it difficult to invest due to the macro economic climate. At the same time many of the export oriented companies fall back and lose opportunities by not understanding the available tax benefits, tariff structures and incentives offered to them by different state agencies.

The workshop organized by SLSC and AITT will be presented by an expert from the Export Development Board and the Sri Lanka Customs too will attend with industry specialists and will cover areas and topics such as: how to find details on what is available for exporters or exporter planning to expand the business; criteria to qualify and incentives; profits and income exempted/exemption period; preferential treatment under the value added tax regime to exporters; preferential treatment under Economic Service Charge/PAL and more and exporters queries and experiences.

The presentation will give insights into incentives, tax benefits, tariffs, duty rebate schemes/TIEP and all other available facilitation for exporters and related industry professionals engaged in: exports of garments, agriculture, agro processing, tea/coconut; industrial and machine tool manufacturing, machinery manufacturing; electronics, exports of non-traditional products or information technology and allied services and Gems and Jewellery, Entrepot Trade & Professional Services

The SLSC and AITT have recognized the need to keep shippers and the industry constantly updated on facilitation available to the companies to understand the workings and mechanisms available for them to benefit in the businesses they are engaged in. The workshop will be held on 20th July at the BCIS of BMICH and it will be conducted under the auspicious of the Ceylon Chamber of Commerce.

- Asian Tribune -

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