Concessions to importers of solar energy equipment

In a bid to encourage production of electricity through renewable energy sources the government has decided to offer concessions to importers of solar energy generating related equipment

State Minister of Finance Dr. Ranjith Siyambalapitiya says that inverters needed to generate electricity will be exempted from port and airport development tax.

This tax exemption has been done by the Gazette Notification 2312/67 issued by President Ranil Wickremesinghe.

According to this, the Minister states that arrangements have been made to exempt the port and airport development tax from 10% on static converters and inverters imported under HS code number 8504.40.