FITIS welcomes commitment on new tax relief

The Federation of Information Technology Industry Sri Lanka (FITIS) welcomes the new tax relief proposed by the new Government. As the Apex body in the ICT industry it welcomes the new tax policy on the IT industry as it would be beneficial and advantageous for many youth, entrepreneurs and businessman to contribute and work in the field of Information Technology. 

FITIS was set up in 1996 with the purpose of giving a much-needed focal point for the ICT industry in Sri Lanka. Over the years it has watched the IT industry grow. However, it is at a juncture where technology must be adapted by the citizenry to ensure that Sri Lanka reaches its fullest potential. Therefore, these tax cuts would create a much-needed confidence in the industry to create more business ventures, innovate and boost entrepreneurial growth in the IT sector.

FITIS Chairman Abbas Kamrudeen stated: “We welcome the commitment towards tax relief especially in the IT industry, it was much-needed to motivate the IT sector. This would undoubtedly be a positive move to develop the IT sector.”