The Sri Lankan Government’s consideration of providing CESS and duty revisions in its 2026 Budget provisions has been welcomed by the Sri Lanka Apparel Brands Association (SLABA), a statement released by the association said.
“The Budget’s provisions for CESS, and duty revisions, coupled with investments in industrial estates, digital tax administration through mandatory e-invoicing, align closely with SLABA’s recommendations for sustainable industry development,” the statement said.
The SLABA is an organisation that supports domestic apparel brands. The statement, quoting SLABA President Fazal M. Fausz further added: “We are pleased that the Government has heard our ask and taken decisive action on VAT for imported fabrics. These measures level the playing field for local manufacturers and SMEs who are vital to Sri Lanka’s economic growth and employment.”