Sri Lanka targets FDI with new agency and 200-pct tax write-off, brings crypto and licences under CGT

EconomyNext reports that Sri Lanka plans to establish a state-owned investment promotion agency staffed and run by private-sector and international professionals. The proposal forms part of a broader effort to attract private capital.

EconomyNext says the government also plans to enact two investment laws and revise capital allowances and capital gains tax. Its report identifies a 200% tax write-off and says cryptocurrency and licences would be brought within capital gains tax.

Newsfirst reports that the planned overhaul would shift foreign investment promotion towards institutional changes, stronger investment laws and focused engagement with international investors. It says the approach is not intended to rely on promotional campaigns alone.

Newsfirst’s headline frames the reforms as a major overhaul of the Board of Investment, while EconomyNext describes the creation of a new agency. The reports provide no further details on the proposed laws, timing or implementation.