President Anura Kumara Dissanayake has proposed exempting the supply of bunker fuel to ships engaged in international transportation from the Social Security Contribution Levy (SSCL).
Presenting the 2027 Budget in Parliament on the 12th, the President said bunker fuel supplies to international vessels play an important role in Sri Lanka's maritime services sector, which operates in a highly competitive global market.
He said the proposed tax exemption aims to safeguard the competitiveness of the industry and strengthen Sri Lanka's position as a regional maritime hub.
Under the proposal, the supply of fuel to ships engaged in international transportation will be exempted from the SSCL, with the objective of supporting the country's maritime services sector and attracting greater international shipping activity.
