Tax exemptions for residential real estate at Port City distort tax regime: Advocata Institute

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. […]