November 16, 2024
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Ports and Airports Development Levy (Amendment) Bill

Lanka Tax Club01 mins

The new amendment to Ports and Airports Development Levy Act on rate revision.

The key revisions are as follows;

  1. Items subject to a rate of 2.5%, will be subject to an increased rate of 5%;
  2. Items subject to a rate of 5%,  will be subject to an increased rate of 7.5%;
  3. Specified items will be exempted as per the specified Schedule and listed items in the Order;
  4. The importation of any article, other than articles subject to the aforementioned rates, will be liable to PAL at the rate of 10%.

 

 

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