ETIQUETTE: Business settings remain formal with small cultural nuances, but leeway is given to foreigners in this respect. While men normally shake hands with other men, and women with women, some women may not wish to shake hands with men outside of family circles. It is best to wait and see if a...
RAMADA COLOMBO 30, Sir Mohamed Macan Markar Mawatha P.O. Box 1202, Colombo 3 T: +94 112 422 001 F: +94 112 447 977 www.ramadacolombo.com info@ramadacolombo.com Rooms: 94 luxury rooms in total. Business & Conference Facilities: Internet, fax, scanning, printing, secretarial services, ballroom with capacity for 700, two meeting rooms with 50...
Immigration-related challenges often create a deterring effect for foreign investors and for the activities of foreign-owned businesses in Sri Lanka, which certainly are necessary to integrating the country into global value chains. Obtaining a visa in Sri Lanka is a difficult process involving administrative procedures that vary depending on...
Since 1994 Sri Lanka has allowed non-resident investment in most sectors of the economy, and its foreign direct investment (FDI) regime was seen for many years as one of the most open in Asia. In the recent past, however, the government has consistently not met its FDI targets, and 2015 saw a marked downturn. The reasons for this declining...
In addition to serving as a source of government revenue, taxation helps bridge the wealth gap. Taxation is also used as a disincentive on the consumption of demerit goods. Inflation rates and the balance of payments can be controlled and maintained with taxation, which can pave way for further economic growth and development.
In Sri Lanka taxes are levied by various regulatory authorities by virtue of the powers vested in them. Here, we have set out an outline of the key taxes of the country. The list is not exhaustive and aims to be of general guidance only.
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