Tax exemptions for residential real estate at Port City distort tax regime: Advocata Institute
Executive Intelligence Dispatch
Residential real estate developments in Colombo Port City currently benefit from a range of tax exemptions and incentives, which create a highly distortionary and unequal tax regime for real estate businesses operating elsewhere in Sri Lank...
Key Facts & Findings
- —Residential real estate developments in Colombo Port City currently benefit from a range of tax exemptions and incentives, which create a highly distortionary and unequal tax regime for real estate businesses operating elsewhere in Sri Lanka, the Advocata Institute warned.
- —Both previous regulations (Gazette No.
- —2343/60 of 4 August 2023) and recent regulations (Gazette No.
Crucial for fiscal stability, CBSL monetary directives, market liquidity, and trade continuity.
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Tax exemptions for residential real estate at Port City distort tax regime: Advocata Institute
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