• Last Update 2025-09-28 11:12:00

President issues gazette, pruning Port City tax concessions

News

By Namini Wijedasa

In accordance with the International Monetary Fund’s (IMF) guidelines, President Anura Kumara Dissanayake, in his capacity as Finance Minister, has issued a gazette reducing the duration and scope of tax exemptions and incentives granted to businesses investing in the Colombo Port City.

The revision applies to both “primary businesses of strategic importance” (PBSIs) and “secondary businesses of strategic importance” (SBSIs), representing a reduction in the incentives granted through the last regulations gazetted in August 2023.

Read more today's the Sunday Times edition here

You can share this post!

Comments
  • Still No Comments Posted.

Leave Comments