Sri Lanka's Budget for 2019 was presented on 5 March 2018 and reportedly approved by parliament on 12 March. Some of the main tax-related measures of the budget are summarized as follows:
- The introduction of a tax exemption on interest derived by non-resident persons on loans granted to resident persons, excluding loans granted by a non-resident company to a group entity in Sri Lanka;
- The expansion of the tax exemption on income (interest/discount) derived by non-residents on sovereign bonds…