Friday, 20 November 2015

Sri Lanka to lift land lease tax on foreigners

ECONOMYNEXT - Sri Lanka will lift a tax on lands leased to foreigners, Finance Minister Ravi Karunanayake said.

Impediments to foreign investors to get land in the country will also be relaxed, he said, without elaborating specifically.

The last regime blocked the sale of land to foreigners, in an Eastern European style nationalist move.

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