Sri Lanka vehicle import ban threatens 100,000 jobs, tax revenues: industry group

A vehicle import ban in Sri Lanka is threatening 100,000 jobs and 350,000 dependants as well as a number of industries and services which need mobility and transport, a motor vehicle industry association has said

Nov 21, 2020
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A vehicle import ban in Sri Lanka is threatening 100,000 jobs and 350,000 dependants as well as a number of industries and services which need mobility and transport, a motor vehicle industry association has said.

The import ban is also losing the government revenue which is being raked in by assemblers through tax-arbitrage, the Vehicle Importers Association of Sri Lanka said.
 
“As per the calculation carried out by VIASL, around 100,000 direct and indirect employees will have to be made redundant if the ban is to continue further,” the VIASL said.

https://economynext.com/sri-lanka-vehicle-import-ban-threatens-100000-jobs-tax-revenues-industry-group-76200/

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