Sri Lanka Tourism Development Authority

Investment Protection

Untitled Document

Foreign investments are protected through Bilateral Investment Protection Treaties and Double Taxation Avoidance Treaties that Sri Lanka has made with over 30 countries. The treaties have constitutional validity.

Investments in the tourism sector are subject to minimum requirements and are eligible for fiscal incentives including corporate tax exemptions and customs duty. Exemptions are only under the BOI Law of 1978 (No 4) and the Inland Revenue Act of 2007.

The Bureau will advise investors on applicable incentives, with criteria for tax benefits notified through gazette notifications.