Sri Lanka lifts taxes on gold imports

Mar 13, 2010 (LBO) – Sri Lanka has lifted taxes and levies on gold imports from to promote jewellery industries in the country, the central bank said. “The removal of all applicable import taxes and other levies on gold imports will reduce the gold prices in the market and contribute to promote gold and jewellery industry in the country,” the Central Bank said in a statement.

“Accordingly, commercial banks and other authorized persons can now increase their gold imports to meet the industry requirements.”

Taxes and other applicable levies on gold imports have been removed from March 01, the Central Bank said.

With effect from 1 March 2010, all taxes and other levies applicable on gold imports have been removed.