Sri Lanka to have licenses raj to import tax free gold
ECONOMYNEXT – Sri Lanka will award 50 licenses to import gold tax free, Finance Minister Ravi Karunayake said.
The tax free import licenses will be given though the Central Bank he said.
The gold will be used by goldsmiths to produce jewellery he said.
Others will not be allowed to import gold on that basis, he said.
The last regime imposed taxes on gold, promoting smuggling.