dr martens pink Budget 2018 highlights
Rs 800 million for Export Market Access Programme to be introduced for companies with less than 10 Million dollars in earnings and for potential new entrants to the export market.
Restrictions on foreign ownership of shipping and freight forwarding agencies will be lifted
Rs 250 million will be allocated to support tea smallholders
All tourism service providers to register with the Sri Lanka Tourism Board to bring the informal sector under the broader tax net.
VAT refund scheme for foreign passport holders at airports and seaports from May 1, 2018.
New Production Tax to discourage polythene and plastic production
Rs 3 billion to accelerate Aruwakkalu waste management programme.
Registrar of Companies Department to implement one stop shop for company registration.
Meters will be made compulsory for three wheelers.
Restrictions that limit land ownership rights of listed companies with foreign owners to be removed.
High end technical colleges will be established with the assistance of Germany and Switzerland
Subjects such as genetics, robotics and nano technology to be introduced to school curriculum to prepare students for jobs of the future.
Rs 1.25 billion allocated to establish Medical Faculties and develop medical education at Wayamba, Sabaragamuwa and Moratuwa Universities.
Monthly payment of Rs. 3,500 to students in National Colleges of Education (VidyaPeeta) will be increased to Rs. 5,000.