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Renowned British publisher calls on govt. to reconsider clamping 18% VAT on books

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John Beaufoy at an event in Singapore.

By Ifham Nizam

Renowned British publisher John Beaufoy has made an impassioned plea to Sri Lanka’s government to reconsider the 18% Value Added Tax (VAT) imposed on books, citing its detrimental effect on the country’s literary market, education system and cultural development.

Speaking exclusively to The Island Financial Review during his recent visit to Colombo to promote his latest publications, Beaufoy emphasized the adverse impact of the tax on both readers and the publishing industry.

He added: “The 18% VAT is very hefty, especially during tough economic times. Books should be treated as an educational item, as they are in the UK, where no VAT is imposed on books.”

Beaufoy, whose publishing house specializes in natural history titles across the Indo-Pacific region, expressed concern on how the tax discourages reading and limits access to knowledge.

“Sri Lankans have a deep love for reading and learning about their country, especially in areas like wildlife, ecology and conservation. This tax creates an unnecessary barrier, he added.

“Sri Lanka has long been a nation of readers, with a rich literary heritage and a strong tradition of storytelling. However, booksellers and publishers across the country have reported that the VAT has led to reduced sales and diminished accessibility for readers.

“Books are essential for spreading knowledge and preserving culture. The imposition of VAT on books is counterproductive for a country that values education, Beaufoy stated.

He pointed out that many countries, including the UK, recognize books as educational tools and exempt them from such taxes.

Booksellers like M.D. Gunasena, Vijitha Yapa and Barefoot, whom Beaufoy met during his visit, had also voiced their concerns. They noted that the VAT not only burdens readers but also hampers their ability to promote and distribute important publications, particularly those focusing on conservation and local heritage.Beaufoy added: “To speak to Vijitha is an absolute pleasure, always. He has so much knowledge and experience. I would say not just of the book business, but of the world.

“He is such an interesting man to talk to. I have known Vijitha for probably 30 years, I think. And I have been privileged to get to know him and his family over that period.

“And I always enjoy very much listening to his stories, his opinions and his knowledge of the book business is really pretty unsurpassed, I think, in Sri Lanka. Vijitha has seen it all. Of course, he was brave and entrepreneurial enough to have a bookshop at the airport in Colombo for many years, somewhere that most people, everybody who’s travelled out of Sri Lanka will be familiar with that shop.

“And it used to be a great outlet for books on Sri Lanka and Sri Lankan wildlife.”

One of the highlights of Beaufoy’s visit was the launch of A Photographic Guide to the Wildlife of Sri Lanka by Gehan de Silva Wijeyeratne. The book, featuring over 1,100 species and photographs, is a celebration of Sri Lanka’s biodiversity.

“This book is a visual treasure. Gehan has done an incredible job compiling a comprehensive guide to Sri Lanka’s wildlife, ranging from birds and mammals to reptiles, insects, and marine fish, Beaufoy said. “It’s the kind of publication that fosters pride and awareness about conservation.”

Beaufoy also discussed plans for future books focusing on marine life, seashore habitats, and insects in Sri Lanka, which he believes will resonate with both locals and tourists. “Sri Lanka’s natural beauty is unparalleled. There’s so much potential to highlight the country’s biodiversity through high-quality publications,” he remarked.



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Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.

The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.

Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.

The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.

The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.

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CEAT Kelani retains AA+ rating for sixth year

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CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.

The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.

Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.

The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.

Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.

The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.

CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.

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Rivon Agriglobe introduces ZETOR tractors, Rover e-bikes

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Chief Guest Nalin Welgama (left) lighting the traditional oil lamp at the event

Rivon Agriglobe and Rivon Lanka, affiliated with Celogen Lanka, Assidua Technologies and Kelun Lifesciences, have introduced ZETOR and Agriglobe tractors, the Z-Tukoba power tiller and Rover electric motorcycles to the Sri Lankan market.

The new range was launched at a special event held on September 4 at the Sannasa Hotel in Dambulla, attended by more than 120 dealers from across the country.

The event was graced by Nalin Welgama as Chief Guest, together with Rishi Kumar, Managing Director; WH Roshan, Finance Director; Sadish Kumar, Director; Sumith Nandana, General Manager; Suresh Dhammika, Head of Sales; and Jayasuriya, Operations Manager.

The agricultural machinery range includes the 50-horsepower ZETOR HORTUS 50 and Agriglobe 50 tractors and the Z-Tukoba power tiller, offering what the company described as European-engineered technology for Sri Lankan farmers.

The launch also featured the recognition of Rover E-Bike dealers, highlighting the company’s efforts to expand its island-wide dealer network and promote electric mobility.

The companies said the new models would be available through their growing dealer network across Sri Lanka, providing customers with access to agricultural machinery and electric motorcycles.

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