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This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and services. The level of customs duties is a direct indicator of the openness of an economy to world trade.
Sri Lanka Customs (Sinhala: ශ්රී ලංකා රේගුව, romanized: Shri Lanka Reguwa, Tamil: இலங்கை சுங்கச் சாவடி) is a ministerial government department in Sri Lanka. The main functions of the department are,
The Congress passed a tariff act (1789), imposing a 5% flat rate tariff on all imports. [22] Between 1792 and the war with Britain in 1812, the average tariff level remained around 12.5%, which was too low to encourage consumers to buy domestic products and thus support emerging American industries.
Taxation in Sri Lanka mainly includes excise duties, value added tax, income tax and tariffs. [1] Tax revenue is a primary constituent of the government's fiscal policy . The Government of Sri Lanka imposes taxes mainly of two types in the forms of direct taxes and indirect taxes.
One of the major goals was to reduce customs duties of all traded goods to zero by 2016. SAFTA required the developing countries in South Asia (India, Pakistan and Sri Lanka) to bring their duties down to 20 percent in the first phase of the two-year period ending in 2007. In the final five-year phase ending in 2012, the 20-percent duty was ...
Bank of Ceylon; Central Bank of Sri Lanka; Credit Information Bureau; Department of Excise; Development Lotteries Board; Employees’ Trust Fund Board; Housing Development Finance Corporation Bank
Sri Lanka Freedom Party: 23 July 1960: Sirimavo Bandaranaike: Minister of Commerce, Trade, Food and Shipping [6] P. B. G. Kalugalla: Sri Lanka Freedom Party: Sirimavo Bandaranaike: Minister of Shipping, Aviation and Tourism [7] Wimala Kannangara: United National Party: 23 July 1977: J. R. Jayewardene [8] [9] Lalith Athulathmudali: United ...
Sri Lanka Freedom Party: 1963-1965 Minister of Agriculture, Food and Co-operative Development S. K. K. Suriarachchi: Sri Lanka Freedom Party: 1970-1977 Minister of Food, Co-operatives and Small Industries Wijeyananda Dahanayake: United National Party: 1986-1988 Minister of Co-operatives Lalith Athulathmudali: United National Party