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Sri Lanka's book industry demands removal of an 18% VAT, citing a 30% sales drop and job risks.
Sri Lanka's book industry is calling for the removal of an 18% VAT on books, arguing it makes them unaffordable and harms small publishers.
The tax, imposed this year, has led to a 30% drop in sales and risks the jobs of about 10,000 people.
Industry groups claim the VAT violates the UNESCO Florence Agreement, which bans taxes on educational materials, and urge the government to exempt books in the next budget.
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La industria del libro de Sri Lanka exige la eliminación de un IVA del 18%, citando una caída de ventas del 30% y riesgos laborales.