Home / Front Page/ BOI tax holidays to stay

BOI tax holidays to stay


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 12 September 2017 00:00


 

Tax holidays given to Board of Investment companies will not be abolished with the new Inland Revenue tax.



According to Deputy Treasury Secretary S.R. Attygalle, the Government has decided to honour the concessions given to companies for the remaining time period according to their agreements.

“It has been agreed between the Government and the BOI that they will stay,” Attygalle said.

State Minister for Finance Eran Wickramaratne said strategic development would become non-operative in keeping with the Government’s principle to move away from discretionary powers for the minister to decide on concessions. However, he said the Government will ensure that the undertakings given in the case of the Hambantota Port project would be met. (CD)


 


Share This Article


COMMENTS

Today's Columnists

Constitutional reform – A reply to Dr. Wijeyadasa Rajapaksa

Wednesday, 22 November 2017

The lengthy article by Dr. Wijeyadasa Rajapakshe PC on constitutional reform published in the newspapers recently appears to contain several errors of fact and of law


Ranil’s reluctant tryst with truth

Wednesday, 22 November 2017

Twenty years ago in 1998, Dr. Jayadeva Uyangoda writing in the periodical ‘Frontline’ traced our peculiar path of progress in the 50 years of independence


Omni-Channel Synchroniser for banks and financial institutions: An vision to simplify banking

Wednesday, 22 November 2017

Today, as a society we are noticing a historical shift from cash-based transactions to digitisation of financial transactions, and from the use of traditional banking channels to e-channels.


Extending the net of AML/CFT: The need for public awareness

Tuesday, 21 November 2017

By Press Notice, the Central Bank of Sri Lanka (CBSL) through its Financial Intelligence Unit(FIU), has drawn the attention of the public to “Extraordinary Gazette Notification No. 2015/56 dated April 21, 2017 prescribing


Columnists More