Government announces up to 10-year tax concessions for strategic development projects

The Government has announced a new initiative aimed at boosting investment in key sectors by granting tax concessions of up to 10 years for strategic development projects in tourism, manufacturing, and agriculture.

The order was issued by President Anura Kumara Dissanayake in his capacity as Minister of Finance, Economic Stabilization, and National Policies.

The new policy is designed to attract substantial local and foreign investments, stimulate economic growth, and generate employment opportunities across the country.

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