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The following tax benefits have been implemented for the ICT sector based on the 2021 budget that was passed in December 2020. These benefits indicate a state-wide push for the ICT sector which all firms in the industry can avail themselves which will in turn help drive the ecosystem forward.

A 25% reduction in the telecommunications levy.

An exemption of all taxes for ICT related services.
Increasing the VAT threshold from Rs.12 million to Rs.300 million.

A doubling of the PAYEE tax threshold going up to Rs.250,000.

A relief on all remittances from foreign earnings.