Situation in Sri Lanka today 08 May, 2019. Sri Lanka has introduced a wide range of measures to help revive the tourism industry. A “Relief Package” including a number of tax concessions to strengthen the Tourism Industry. The relief package comes as the Sri Lanka Tourism Development Authority released the monthly data on tourist arrivals which declined in the month of April 2019. Accordingly, a moratorium will be announced by Central Bank of Sri Lanka to tourism sector institutions and individuals, on a case-by-case basis. The moratorium period will be until 31st March 2020 for both capital and interest payments granted to the tourism sector as of 18th April 2019.
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