US EditionSri Lanka to Cut Tax Breaks for Port City and Mega Projects - LNW Lanka News Web
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Sri Lanka to Cut Tax Breaks for Port City and Mega Projects - LNW Lanka News Web
The Sri Lankan government is considering scaling back the generous tax holidays and exemptions offered to mega development projects under the Strategic Development Act (SDA), including those linked to the Colombo Port City. This move comes in response to recommendations by the International Monetary Fund (IMF), which has urged the country to revise its fiscal policies to enhance revenue collection and ensure sustainable debt repayment. Currently…
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