The Cabinet has approved revisions to Sri Lanka’s National Tariff Policy, paving the way for a more predictable and consistent tariff framework aligned with current economic, fiscal, and trade needs.
According to the government, the National Tariff Policy is being revised to establish a predictable and consistent tariff framework that supports Sri Lanka’s trade and investment objectives.
The Cabinet, at its meeting held on 3 November 2025, approved the proposal to review and introduce suitable amendments to the policy in order to resolve issues arising from its implementation and to ensure alignment with relevant tax legislation.
The National Tariff Policy Committee has conducted a detailed review of provisions that are not fully consistent with current economic, fiscal, and trade requirements, as well as with applicable laws and regulations. Observations made by Parliament’s Committee on Public Finance regarding the removal of distortions and ensuring compliance with procedural and statutory requirements were also taken into account.
Based on the recommendations of the Committee, the Cabinet has granted approval to the proposal presented by the President, in his capacity as Minister of Finance and National Policies, to implement the revised National Tariff Policy. (Newswire)