(UTV|COLOMBO) – A special counter will be opened at the departure terminal of the Katunayake International Airport by Minister of Finance and Mass Media Mangala Samaraweera this evening (11).
The re-payment of 15% Value Added Tax or VAT to foreign tourists on departure for goods purchased during their stay in Sri Lanka will be implemented with effect from today (11).
The procedure that was proposed in the 2018 Budget, is implemented by the Department of Inland Revenue and business enterprises are expected to register with the IRD under the programme for repayment of VAT to become eligible under this scheme.
18 shops that sell goods have already been registered under the Department of Inland Revenue to qualify for the procedure.
The procedure of VAT repayment is followed by most countries in the world.
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