Sri Lanka-Turkey successfully conclude talks on bilateral taxation

Wednesday, 19 February 2020 02:17 - - {{hitsCtrl.values.hits}}

Elimination of Double Taxation with respect to taxes on income and the prevention of tax evasion and avoidan

Sri Lanka and Turkey concluded the negotiations of the ‘Elimination of Double Taxation with respect to taxes on income and the prevention of tax evasion and avoidance’ from 21 to 24 January in Ankara.

The Sri Lankan delegation was headed by Commissioner General of Inland Revenue A.N. Guruge and comprised Deputy Commissioner General – Tax Policy and Legislation K.S.B.R.D.S. Karunarathne, Senior Commissioner (International Affairs) N.M.M. Mifly, and Commissioner (International Tax Policy) R.P.H. Fernando.

The Turkish delegation was led by Deputy Commissioner of Turkish Revenue Administration İdris Şenyurt and Head of Department Ahmet Kurt, Head of Group Mustafa Cemil Kara, Director Sevinç Sayin were the members of the negotiating team.

The Ambassador of Sri Lanka Rizvi Hassen and the Sri Lankan delegation met the Commissioner General of Turkish Revenue Administration, Bekir Bayrakdar at the Presidency of Turkish Revenue Administration and exchange views on future collaborations between both countries. Ambassador expressed the hope that the agreement could finalise soon to sign and implement as it will give a boost to the investors and businessmen to explore investment opportunities available in the two countries.

The Commissioner General of Inland Revenue, Sri Lanka and the Deputy Controller General of the Presidency of Turkish Revenue Administration initialled the agreed minutes of the draft text of the agreement.