ECONOMYNEXT – Sri Lanka is bringing a competitive and rules based, tax framework for investors after discussing with the International Monetary Fund, for projects over 50 million US dollars, Board of Investment Chairman Arjuna Herath said. Sri Lanka suspended tax holidays running up to 20 years or more given under Strategic Development Project Act, amid concerns over arbitrary ‘negotiated’ taxes as part of an IMF program. “In that context, we have worked actively with IMF to get the STP project concessions in place,” Herath said. “And we are looking at this being announced very soon. And projects over US dollars…
Sri Lanka to unveil competitive, transparent investment taxes in line with IMF deal: BOI chief
Published in News
More from NewsMore posts in News »
- Restoration of Northern, Talaimannar railway lines begins
- Education reforms should suit the country, not the JVP: Namal
- Bride and groom among 8 killed in gas cylinder blast at Pakistan wedding
- Four arrested over alleged Grand Pass shooting plot
- Sri Lanka’s China-backed Hambantota Port eyes 2mn box capacity after 700-pct growth