IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 08 Jan 2017 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

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, or to a foreign company or to a local company wherein foreign shareholding is 50% or above.

The amendment is applicable to all lease indenture executed after 8 January 2017.

AFFECTED COUNTRIES

MAP
TABLE
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