Global Trade Alert
Global Trade Alert

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

Announcement

22 Feb 2017

Sri Lanka removed a 15% land lease tax on the rentals of land leased by foreigners.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

08 Jan 2017

Revocation date:

No revocation date

Updated: 22 Feb 2017
FDI: Treatment and operations, nes In force

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 foreigne...

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