Tourist VAT Refund System

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Tourist VAT Refund System


Sri Lanka Retailers’ Association partners Inland Revenue Dept. (IRD) to launch the “Tourist VAT Refund System” Counter at BIA Airport.

 

The Sri Lanka Retailers’ Association (SLRA) www.slra.lk partnered with the RAMIS Project Office of the Inland Revenue Dept. to launch the “Tourist VAT Refund Scheme (TVRS)” Counter at the Bandaranaike International Airport (BIA); which was declared open by Hon. Mangala Samaraweera, Minister of Finance & Mass Media on 11th September 2018; in the presence of Hon. Eran Wickremaratne, State Minister of Finance; Dr. R.H.S. Samaratunga, Secretary to the Treasury, Ministry of Finance; Mr. Ivan Dissanayake, Commissioner General of Inland Revenue and Mr. Hussain Sadique, Chairman, SLRA among other distinguished guests and invitees.

Hon. Minister Samaraweera addressing the gathering mentioned that the “Government implemented the Tourist VAT Refund Scheme (TVRS) on Budget proposal last year in order to promote Sri Lanka as Retail hub and Shopping destination ”.

Mr. Asoka Pieris, Group CEO Singer Sri Lanka PLC and SLRA Retail hub Chairman commended the Government initiative to implement Tourist VAT Refund Scheme (TVRS) based on the Budget proposals submitted by SLRA and stated that “this is a giant step towards making Sri Lanka a Retail hub.”
SLRA presented a Budget proposal through KPMG to promote Sri Lanka as a Retail Hub advocating inter-alia launch of a Sri Lanka Shopping festival and Vat Refund scheme for Foreign Tourists. The Government of Sri Lanka (GOSL) allocated a sum of Rs.50 mn. in the National Budget 2017 which was utilized to launch the Global Advertising campaign to promote the first ever ‘Colombo International Shopping Festival (CISF) held island-wide from 1st October to 15th November 2017 with the theme ‘One Island. One Big Mall’ and to stage the Colombo Shopping weekend from 20th to 22nd October,2017 at the Sri Lanka Exhibition & Convention Centre (SLECC).

SLRA Members www.slra.lk comprising representatives from Abans, Cool Planet, Cotton Collection, DSI, Damro, Dankotuwa Porcelain, Exclusive Lines, Hameedia, Leather Collection,No Limit, Odel, and Shirtworks were present at the launch and several were awarded Certificates of Registration (TVRS) as Authorized Retailers under TVRS Scheme by the Hon. Ministers and Ministry officials respectively.

Mr. M. J. Gunasiri, Senior Commissioner and Addl. Project Director (Admin.), RAMIS Project Office in his vote of thanks appreciated the contribution of Mr Hussain Sadique Chairman SLRA and the Authorized Retailers registered under TVRS scheme to make this endeavor a success.

  • The Sri Lanka Retailers’ Association (SLRA) www.slra.lk partnered with the RAMIS Project Office .......