🇱🇰 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.

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