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SRI LANKA: VAT Reclaim Scheme Introduced for Overseas Passport Holders

Overseas passport holders are now entitled to reclaim the 15% VAT on purchases made at retail outlets participating in the Tourist VAT Refund Scheme (TVRS). The programme is initially being introduced in Colombo, the national capital, and is seen as a bid to boost tourism and attract investment in the retail sector.

Content provided by Picture: HKTDC Research
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