Sri Lanka to cut taxes on vehicles for tourism

Nov 21, 2011 (LBO) – Buses imported for tourism will be freed from value added tax and duties on vehicles imported for airport taxi services will be halved, President Mahinda Rajapaksa told parliament.

Tourism is one of the most profitable sectors after a war ended in May 2009.

Presenting the 2012 budget, Rajapaksa said airport taxi owners could use the facility to replace their old vehicles.

However the taxis will have to conform to standards set by the airport authority.