2 sources
Deputy Minister rejects claims of changing Port City tax rules
Industry and Entrepreneurship Development Deputy Minister Chathuranga Abeysinghe was drawn into a public dispute on LinkedIn over the pa
Summary
He stated the revised law is unambiguous, with all individuals taxed under the Inland Revenue Act and no arbitrage between Port City and the mainland. Abeysinghe later apologised for the confusion, stating his general understanding is that individuals earning foreign income are taxed at 15 per cent, and that further clarity on how the rule applies to Port City Approved Persons would follow.
What this story is about
People
- Chathuranga Abeysinghe2
- Shawini Fernando
- Rasanga Perera
- Rasanja Perera
- Fernando
Organisations
- Port City Commission2
- Dubai International Financial Centre
- International Financial Centre
Places
- Colombo Port City2
- Port City2
- Sri Lanka2
- Colombo2
- Dubai.Deputy
- Dubai
Keywords
- revelation
- embroiled
- changing
- minister
- rejects
- claims
- about
- rules
- taxes
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
Share this story
Send the whole picture, not one version of it.
Also reported by
2 newsrooms have reported this story
Full coverage