TAX AMNESTY FOR TOURISM INDUSTRY
Sri Lanka is considering a tax amnesty programme for the tourism industry in the light of the Easter Sunday terror attacks that killed over 250 people.
This is expected to help businesses – particularly those in the tourism industry that were the most affected – recover from the series of unfortunate events.
The decline in tourism is expected to negatively impact the overall economy of the country with Minister of Finance and Mass Media Mangala Samaraweera stating that “with the right kind of action, I would say tourism could bounce back to normalcy within a short period of one to one and a half years,” while adding: “We think we can manage it, hoping it would not recur again. Sri Lanka’s economy is moving slowly but soundly.”