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Ministry Top Stories Trade News
The Ministry of Finance said overseas spending using international credit cards will not be included under the Liberalised Remittance Scheme (LRS) and hence, would not attract TCS. Also, the implementation of a higher rate of tax collected at source (TCS) of 20 per cent on overseas remittances under LRS, like tour expenses, has been deferred […]Continue Reading
Top Stories Trade Associations
The 66th Convention & Exhibition of TAAI, which was scheduled to be held from 19-22 April 2022, in Colombo Sri Lanka, which has been postponed. Jyoti Mayal, President, TAAI states that, “We had an overwhelming response to the convention registrations which had crossed the 500-registration mark. Sri Lankan Tourism Promotion Bureau (SLTPB) and Sri Lanka […]Continue Reading
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