Thursday, November 28, 2019

‘Consumers to benefit from tax concessions’

Sanjee Balasuriya

Smart City has created a significant impact, after revealed its plans to introduce digital-enabled cities to the country.

As we are aware that 5G and other emerging technologies will be implemented soon in our country and therefore it is very important for the Government to provide certain tax relieves on the same. As a result of these tax relieves, consumers would be benefited considerably. Further, reducing the telecommunications levy by 25 percent will have more benefits to the end customers too.” Sanjee Balasuriya MD & CEO eCybersec Pvt Ltd said.

“An important move is that IT and enabling services to be made tax free. Services like Managed Cyber security services will have more advanced sophisticated solutions which can be offered to sectors like financial. Furthermore, this make more resilience, so that Sri Lanka will have to emphasize the need to build and develop digital networks that are environmentally friendly,” Balasuriya added. (IH)

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