BusinessA delegation of representatives from the Japanese Chamber of Commerce & Industry in Sri Lanka, accompanied by the Japanese Ambassador to Sri Lanka, Kenichi Suganuma, called on the Minister of Finance and Media Mangala Samaraweera, at the Ministry of Finance, on Monday. The representatives briefed Minister Samaraweera on various investment projects undertaken by the Japanese Chamber of Commerce and Industry in the country and exchanged views on ease of doing business in Sri Lanka, the Ministry said in a media release. The Japanese delegation apprised the Minister of issues faced by investors with regard to various tax reforms implemented from time to time. The Japanese delegates requested the Finance Minister to give them at least six months’ notice prior to the enforcement of any tax amendments, as it might have an adverse impact on exports. Minister Samaraweera stated that since Sri Lanka intends to implement an investor and export friendly economic policy, the Government would implement tax reforms favourable to exports.

Source: Sunday Times July 04, 2017 09:00 UTC