Colombo: Foreign Tourists who purchase (specified) goods over Rs 50,000 from an authorized retail outlets in Sri Lanka is eligible to claim VAT refund at the Airport.  They can claim VAT refund by presenting the TVRS Tax invoice to the Custom Officer at TVRS counter.                                                                                                                                                New Tourist VAT Refund Scheme (TVRS)  was introduced by Inland Revenue Department under section 58A of the Value Added Tax Act, No. 14 of 2002 (Amended by Act) and implemented by Gazette notifications of Commissioner General of Inland Revenue and Minister of Finance accordingly.                                                                                                            The Sri Lanka Retailers’ Association (SLRA) representatives participated in an Awareness programme conducted by the officials of the RAMIS Project Office of Inland Revenue Department (IRD) to educate and promote implementation of the “Tourist VAT Refund Scheme (TVRS)” at the Bandaranaike International Airport (BIA).                                                    TVRS will be launched initially as a pilot project by IRD on a manual system and will be graduated to a fully automated RAMIS system operated by IRD connecting on-line with Authorized Retailers in future.

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