Opposition Leader Sajith Premadasa has raised concerns over the proposed 15% service export tax, stating that it would have severe consequences for Sri Lanka’s digital economy. In a special post on his X account, he outlined four key points highlighting the potential negative impact of this measure:
🔴 The 15% service export tax will cripple Sri Lanka’s digital economy and drive skilled professionals in the sector to leave the country.
🔴 Freelancers in the IT sector and service exporters play a crucial role in bringing in much-needed foreign exchange. Imposing such a tax will stifle economic growth, discourage investment, and hinder innovation.
🔴 At a time when Sri Lanka needs to boost its export revenue, this move will cause long-term economic damage and accelerate the brain drain of skilled workers.
🔴 Rather than imposing additional taxes on dollar earners, the government should introduce incentives and provide support to enhance long-term income, investment, skills, and industrial development.
Premadasa’s statement reflects growing concerns within the industry, as stakeholders fear that such a tax could undermine the country’s potential as a global hub for digital services.
