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Sri Lanka to Introduce Tax Exemption and Reduced Rate for Agricultural Industry

|Proposed Changes|Sri Lanka
Sri Lanka

Sri Lanka's Ministry of Finance has published a release announcing proposed measures to promote agricultural production for exports and consumption purposes. The measures include:

  • The introduction of a five-year income tax exemption for agricultural income derived by small-scale businesses in the cultivation of any agricultural produce such as tea, spices, coconut, rubber, paddy, fruits, vege…

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