Sri Lanka Cabinet Approves Changes to Tax for Strategic Projects

Sri Lanka’s cabinet of ministers approves the draft of changes that incorporates tax concessions to the Strategic Development Projects Act based on a review of peer countries, spokesman Nalinda Jayatissa said.

• An independent evaluation mechanism to monitor approved projects will be set up as part of the changes, Jayatissa told reporters Wednesday
• READ : Sri Lanka to Announce IMF Program-Compliant Tax Incentives
• READ : Sri Lanka to Cut Tax Holiday Lengths for Big Projects, Port City
• Cabinet also approved ratification of the UN Convention against Cyber Crimes: Jayatissa

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Asantha Sirimanne in Colombo ...