Tax exemptions for residential real estate at Port City distort tax regime: Advocata Institute

This story is no longer in the live feed. First reported 8 Oct, 4:10 pm.

Residential real estate developments in Colombo Port City currently benefit from a range of tax exemptions and incentives, which create a highly distortionary and unequal tax regime for real estate businesses operating elsewhere in Sri Lanka, the Advocata Institute warned. Both…