SRI LANKA
ASSOCIATION OF AIR EXPRESS
COMPANIES
Copyright© 2010 SLAAEC. All rights reserved
Incorporated in Sri Lanka under
The Companies Act, No. 17 of 1982
Registration No: N (A)  1458


SRI LANKA
ASSOCIATION OF AIR EXPRESS
COMPANIES
I USD = LKR 115.25 from 15th January 2012
Exchange Rate:
LATEST NEWS UPDATES
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The Sri Lanka Association of Air Express Companies (SLAAEC) consists of all the leading Air Express Companies  operating in Sri Lanka and is the sole voice for the industry.

The SLAAEC represents its members in all matters pertaining to the development and improvement of the industry in order to provide a superior service to its customers in Sri Lanka and the rest of the world.
FUEL SURCHARGE
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Fuel Surcharge
Global fuel prices have been fluctuating for the past few years. As such, all members of SLAAEC have introduced a fuel surcharge to defer part of the increased transportation costs.  Most companies use the US Gulf Coast Kerosene type Jet Fuel Spot Price to calculate a fuel surcharge
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EXCHANGE RATES
In international transportation, cost inputs are based on cross border transactions in multiple currencies. All express companies therefore bill their customers in a foreign currency and convert based on the exchange rate at the time of billing. The standard currency used is the US Dollar,
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VALUE ADDED TAX
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NATION BUILDING TAX
Express Exports are exempt from this tax. However, express import services billed in Sri Lanka and customs clearance charges for detained consignments are liable to pay NBT. The current rate for NBT is 3%.
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A Zero rating is applied to the Air Express industry for door to door services. However, when a formal clearance for an individual consignment takes place, express companies are liable to pay VAT on the additional clearance charges. In such cases, the VAT payable is 12%
HOLIDAYS IN SRI LANKA

JAN/FEB 2012

Jan 08 - Full Moon Poya Day

Jan 15 - Thai Pongal

Jan 16 - Holiday in lieu of
Thai Pongal

Feb 04 - National Day

Feb 05 - Holy Prophet Mohamed's Birthday

Feb 07 - Full Moon Poya Day

Feb 20 - Maha Sivarathi Day
              (Public & Bank Only)

Calendar