MÖVENPICK HOTEL 24 Dharmapala Mawatha Colombo 3 T: +94 117 450 450 F: +94 117 723 723 www.movenpick.com/en/asia/sri-lanka/colombo/ movenpick-hotel-colombo/overview/ hotel.colombo@movenpick.com Rooms: 219 rooms and suites, including one presidential suite, two executive suites and 16 junior suites. Business & Conference Facilities: In...
VISA: A traveller intending to visit Sri Lanka for a short stay must obtain an electronic travel authorisation, which can be completed online in advance or applied for upon entry at Bandaranaike International Airport (BIA). This grants 30 days in country, and is extendable. Fees at BIA are to be...
Following on from 2016 – which saw a number of important legislative reforms – 2017 was another particularly significant year in which several changes were legislated or initiated by Parliament. The two major developments in the legal landscape enacted by Parliament were the passage of the Inland Revenue Act and the Foreign Exchange Act.
The Immigrants and Emigrants Act requires non-nationals entering Sri Lanka to obtain a visa unless exempted, although there are provisions for nationals of certain countries to enter without a visa for tourism or business purposes and to receive endorsement upon arrival. Administratively, an electronic travel authorisation (ETA) scheme is in...
Tax simplification has always aroused interest. This concept entails the simplification of the structure of the whole tax system or of one tax in particular, as well as the streamlining of administrative procedures in relation to taxpayer assistance, tax determination, assessment, collection and auditing.
This chapter outlines the framework of tax obligations for corporations and individuals in Sri Lanka. The Companies Act, No. 7 of 2007 provides for the registration of three forms of business organisations in Sri Lanka: an incorporated company; a branch office of an overseas company; and an offshore company.
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