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Sri Lanka s Port City duty free to have allowance of US$5000 a year

Sri Lanka passport holders returning from abroad and resident diplomats, would be allowed to buy up to 5000 US dollars of goods at a duty free mall in the China-backed Colombo Port City according to regulations issued by its governing authority.

Sri Lanka s Gateway group plans Colombo Port City school with British partner

Sri Lanka s China-backed tax free zone conflicts with minimum global tax: IMF

Sri Lanka s China-backed Colombo Port City special economic zone, which has is giving long term tax holiday is likely to face pressure as the international community which is moving for a minimum 15 percent global tax, an International Monetary Fund report has warned.

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