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1.

SRI LANKA: Withholding Tax on Dividends Increased from 10% to 14% for Non-Residents

15 Sept 2017

The withholding tax (WHT) rate on dividends paid to non-resident shareholders in Sri Lanka has been increased from 10% to 14%. In addition, the WHT rate on profits repatriated from the country has als...Read More

2.

Sri Lanka: Market Profile

8 Sept 2017

Sri Lanka’s GDP growth eased to 4.3% in 2016 with the economy projected to stabilise somewhat with a GDP growth of 4.5% in 2017....Read More

3.

SRI LANKA: Manufacturing-Focussed Industrial Park in Western Province Gets Official Greenlight

28 Aug 2017

In a bid to attract more FDI into the country, Sri Lanka’s government has unveiled plans to develop an Industrial Park (IP) for the manufacturing sector in the Kalutara district of Western Province. E...Read More

4.

SRI LANKA: 13-Amp Square Pin Plugs Mandatory for All New Electrical Appliances

20 July 2017

All electrical appliances produced in / imported to Sri Lanka must be fitted with 13-Amp square-pin plugs (Type G in line with British Standard (BS) 1363) as of 16 August. This follows the adoption of...Read More

5.

SRI LANKA: Online System Set to Streamline Company Registration Process

5 June 2017

The country’s new online registration system will slash the time taken to incorporate a private company from three days to just one when it comes online in March 2018....Read More

6.

SRI LANKA: Private Company Registration Fee Cut by 73%

8 May 2017

The fee for the registration of a Private Limited Company has been reduced from LKR 15000 (US$97) to LKR 4000 (US$26)....Read More

7.

SRI LANKA: Overseas Investors Wooed with Visas and Land Lease Rights

18 Jan 2017

Two to five year visas are now on offer to any overseas investor who deposits US$300,000 or more in a Sri Lankan bank....Read More

8.

SRI LANKA: VAT Raised from 11% to 15% as Some Categories are Exempted While Others Become Newly Liable

8 Nov 2016

VAT has been raised from 11% to 15% with immediate effect, although some 82 categories of goods are now exempt from the levy – including mobile phones, construction equipment, computers and accessorie...Read More

9.

SRI LANKA: VAT Rises 4% to 15% in Bid to Meet International Debt Commitments

20 Sept 2016

VAT is to be raised to 15% for nine months following approval by the Sri Lankan parliament expected by the end September....Read More

10.

VAT Rate Rises to 15% while 0.3% Share Transaction Levy is also Re-imposed

6 May 2016

SRI LANKA: A rise in VAT to 15% came into effect as of May 2. The new rate replaces the previous 8% and 12.5% bands. VAT is now payable on all items except for those specified on a government-approved...Read More

11.

Sri Lanka: A Key Node on the 21st Century Maritime Silk Road

6 Aug 2015

Sri Lanka enjoys a prime location and has an important role to play as part of China’s “21st Century Maritime Silk Road” development strategy. The Chinese province of Guangdong will ally with Sri Lank...Read More

12.

Sri Lanka: An Emerging Logistics Hub in South Asia

2 June 2015

Sri Lanka possesses many inherent advantages as a South Asian logistics hub, especially its strategic location along a key trade route. As a gateway to the Indian subcontinent, this small economy has ...Read More

13.

Sri Lanka’s Apparel Sector: Hong Kong Opportunities podcast

30 April 2015

Sri Lanka exports a relatively small amount of apparel compared to countries such as China or Bangladesh. Despite this, Sri Lanka has become renowned for its high value-added, efficiency and ethical s...Read More

14.

Production in Sri Lanka: Practical Tips and Risk Analysis podcast

19 March 2015

Sri Lanka is now an alternative production base in South Asia for labour-intensive operation. Hong Kong manufacturers looking to relocate from the Chinese mainland, however, are advised to take note o...Read More

15.

Production in Sri Lanka: The Higher Added-Value Alternative podcast

18 Feb 2015

Amid surging costs on the Chinese mainland, many Hong Kong manufacturers have been looking for alternative production bases in other parts of Asia. Situated in the middle of the Indian Ocean, Sri Lank...Read More

16.

MoU boosts burgeoning Hong Kong-Sri Lanka trade

18 June 2013

Trade agreement between Sri Lanka and Hong Kong marks greater co-operation between the two territories. Gem sector, internal investment and increased shipping activity show signs of growing mutual ben...Read More

17.

Sri Lanka's flourishing green scene

10 Aug 2012

Sri Lanka is investing in green manufacturing, green hotels and energy generation, of interest to Hong Kong investors aiming for an early entry to new projects...Read More

18.

Hong Kong firms in largest 21st century port

8 June 2012

Sri Lanka's Hambantota is set to be the largest port on land in the 21st century and Hong Kong companies, Shangri La Group and Dragon Asia Fertiliser, are among firms developing facilities...Read More

19.

Upbeat Sri Lanka tea industry's HK connection

4 March 2011

Hong Kong's international Tea Fair is a key for Sri Lankan brands, with SAR suppliers and high end products aimed at the Chinese mainland and beyond...Read More

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