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Cabinet nod to grant 40-year tax incentives for Port City FDIs

Tuesday, 7 June 2022 10:05 - - {{hitsCtrl.values.hits}}

The Cabinet of Ministers at its meeting on Monday has approved to offer 40-year special tax incentives to boost Foreign Direct Investments (FDIs).

“To be attractive for investor, it is important to offer appealing tax incentives to lure FDIs in a world recession,” Cabinet Co-Spokesman and Minister Bandula Gunawardana told journalists at post-Cabinet meeting media briefing yesterday.