The Sri Lanka Ministry of Tourism in consultation with the Ministry of Finance introduced the Tourism Development Levy in September 2003. The Tourism Development will be used towards developing and promoting Sri Lanka tourism.
1) Considering the impact of the Easter Sunday attack and the Covid 19 outbreak a grace period of 10 months has been granted for TDL payments from 1st July 2019 to 30th April 2020, recovering from 20 equal installments starting from 01st May 2020.
Documents need for finance clearance
Tourism development levy
In terms of the Part 1 of the Finance Act No 25 of 2003, there shall be levied from every institution licensed under the Tourism Development Act, No. 14 of 1968, a levy of one percentum on the turnover of such institution in any year, to be called the Tourism Development Levy.
However, provided further, from and after January 1st 2019, such a levy shall be charged form any institution having an annual turnover not exceeding Rs 12 Million or a quarterly turnover not exceeding Rs 3 Million at the rate of 0.5% on such a turnover of such institutions.
Submission of the TDL quarterly statements and more information refer Tourism Development Levy Gazette.
The purpose of this part the turnover in relation to –
a) a tourist hotel, means the amount received or receivable from the total sales excluding the service charges up to ten per centum of such sales and the value added tax charged on such sales in terms of the Value Added Tax Act, No 14 of 2002;
b) a travel agent, means the total receipts from services provided in relation to the tourist industry excluding payments made by him in respect of services provided to him in respect of services provided to him by other local service providers and the value added tax charged on such services in terms of the Value Added Tax Act, No 14 of 2002;
c) a tourist shop, means the amount received or receivable from the total sales of products from any such shop excluding the value added tax charged on such sales in terms of the Value Added Tax Act, No.14 of 2002.
Method of payment of Tourism Development Levy
When making TDL payments priority must be given for the special deposit slips available in every BOC branch. Specifying SLTDA registration number, name of the institution and the relevant quarter in the slip is a must.
1. Online payment -BOC, Corporate Branch-Acc 73104820
2. Bank deposit -BOC, Corporate Branch -Acc 7122882
Email - email@example.com, firstname.lastname@example.org, email@example.com, firstname.lastname@example.org