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Sri Lanka: Land lease tax on land lease to foreigners abolished

Description

On 22 February 2017, Sri Lanka through Land (Restrictions on Alienation) (Amendment) Act, No. 3 OF 2017, removed the imposition of the Land Lease Tax at the rate of 15% on land leased to a foreigner, ...

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Intervention Details

Intervention Type

FDI: Treatment and operations, nes

MAST Chapter

FDI measures

Implementation date

08 Jan 2017

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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