Sri Lanka, Sept. 28 -- The Free Trade Zone Manufacturers' Association (FTZMA) presented Budget proposals for 2026 to President Anura Kumara Dissanayake last week, calling for tax incentives, investment support, and reforms to promote foreign currency contributions, value addition, and market diversification beyond the US.
Key proposals include support for new trade preferences, stable BOI (Board of Investment) rules, and cross-cutting reforms such as guaranteed VAT refunds and predictable energy pricing to enhance competitiveness and protect existing investors.
The proposals:
* Foreign currency contribution and incentives:
The FTZMA seeks incentives linked to foreign currency contributions, aiming to boost net foreign currency earnings....