Legal Framework

This chapter examines the legal system of Sri Lanka, focusing on raising loans via the Active Liability Management Act No. 8 of 2018; liberalising foreign land ownership through the Land Restriction on Alienation Act No. 21 of 2018; the Nation Building Tax (Amendment) Act No. 20 of 2018, which covers tax exemptions and exemption periods; the Value-added Tax (Amendment) Act No. 25 of 2018; and the investigations and impositions included under the Anti-dumping and Countervailing Duties Act No. 2 of 2018. This chapter contains a viewpoint from John Wilson, Managing Proprietor, John Wilson Partners.