ecommerce


The ill-considered proposal in the 2017 Budget to compel all e commerce transactions to be conducted over a yet-to-be-designed government platform has come up for discussion again. Lahiru Pathmalal, CEO of Takas, one of the Sri Lanka’s more visible e-commerce businesses had this to say to the Sunday Times: “What is ideal is a tax holiday for e-commerce/tech related business that makes heavy investments into growth,” he said. “There has been discussion in regard to travel related booking engines being taxed such as AirBNB and Bookings.com. I believe taxing of booking engines is be ill timed,” he claimed.