The government this week gazetted an amendment to the 2008 Strategic Development Projects Act, reducing the maximum tax holiday period granted to any such project from 25 years to 10 years.
Additionally, the Strategic Development Projects (Amendment) Bill prohibits the extension “under any circumstances” of the tax holiday period, which must commence on the certified date of commercial operations of the project, as confirmed by the Board of Investment (BOI).
Read more in today's Sunday Times edition here
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The price of Lanka Petrol 92 Octane has been reduced by Rs. 5, while the price of Lanka Super Diesel Star Euro 4 has been increased by Rs. 5, from midnight today, October 31, 2025, according to the Ceylon Petroleum Corporation.
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