SLAPCEO suggested the following to be considered in the preparation of the National Budget 2022.

The below recommendations were made and incorporated.

  1. 5-year Private Public Partnership MICE /Destination Events development plan to be introduced to increase the number of MICE /Destination Events travelers and also to make Sri Lanka as the MICE /Destination Events hub of South Asia.
  2. Government to allocate land and supporting infrastructure facilities to build a temporary Exhibition Centre with the participation of the private sector in the City of Colombo for a period of 5 years until the Exhibition & Convention Centre at Port City comes to a completion.
  3. Tax exemption to be given for foreign investment related to MICE /Destination Events
  4. infrastructure development.
  5. All destination events/Inbound events should be exempted from VAT as this tax exemption is already offered to the inbound tour business.
  6. Visa fees for MICE /Destination Events travelers should be made the same as the fee of holidaymakers.
  7. Declaring of MICE E-Zones in order to attract more investments and creative industries related to MICE quickly and effectively.

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