Sri Lanka to Announce IMF Program-Compliant Tax Incentives

Sri Lanka is planning to announce a revised framework of tax concessions for new investments, which have been discussed with the International Monetary Fund, Chairman Board of Investment Arjuna Herath says.

• The new concessions will be scaled down from those offered earlier under the Strategic Development Projects law, but would make Sri Lanka more tax competitive, Herath says in an interview
  • Will apply to investments larger than $50 million and progressively be based on thresholds
• READ : Sri Lanka President Tells IMF Attracting Investments a Priority
• READ : Sri Lanka to Cut Tax Holiday Lengths for Big Projects, Port ...