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


Today's Columnists

Sustainable tourism – New profit for businesses

Tuesday, 26 September 2017

World Tourism Day has been celebrated since 1980 on 27 September, the day in which the Statutes of the World Tourism Organization (UNWTO) entered into force.

Do economic sanctions matter to Iran?

Tuesday, 26 September 2017

Economic sanctions are not a new phenomenon to Iran. It has been 38 years since the Iranian revolution (1979) took place. Since then, the United States, European Union and some other countries have been imposing

It is an uphill task for the Govt. to attain the envisaged targets

Monday, 25 September 2017

In Part 1 of the article series on the Government’s Vision 2025 published last week, it was pointed out that the present vision document was just the fourth of such visions pronounced by the Government during the last two year period.

Women for tourism

Monday, 25 September 2017

Tourism is one of the world’s largest and fastest growing industries. In many countries it acts as an engine for development through foreign exchange earnings and the creation of direct and indirect employment.

Columnists More