taxholiday
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🇱🇰 Sri Lanka Passes Port City Tax Holiday Law
Sri Lanka’s Parliament approved a new Port City law granting up to 15‑year tax holidays for billion‑dollar and large investments, replacing previous open‑ended incentives and tying benefits to investment size and jobs created.
Key Facts:
• Billion‑dollar investors now qualify for 15‑year tax exemptions under structured criteria.
• Smaller investments receive proportionate holiday lengths or reduced tax rates.
• The change aims to make tax incentives rule‑based and transparent while attracting foreign capital.
Expert Insight:
By tightening tax holiday terms and linking them to clear investment thresholds, Sri Lanka hopes to boost foreign investment into Port City projects while enhancing fiscal discipline.
#PortCity #TaxHoliday #FDI #BinanceSquare #WriteToEarnUpgrade $USDC
Sri Lanka’s Parliament approved a new Port City law granting up to 15‑year tax holidays for billion‑dollar and large investments, replacing previous open‑ended incentives and tying benefits to investment size and jobs created.
Key Facts:
• Billion‑dollar investors now qualify for 15‑year tax exemptions under structured criteria.
• Smaller investments receive proportionate holiday lengths or reduced tax rates.
• The change aims to make tax incentives rule‑based and transparent while attracting foreign capital.
Expert Insight:
By tightening tax holiday terms and linking them to clear investment thresholds, Sri Lanka hopes to boost foreign investment into Port City projects while enhancing fiscal discipline.
#PortCity #TaxHoliday #FDI #BinanceSquare #WriteToEarnUpgrade $USDC
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