Sri Lanka Sets New Criteria and Tax Concessions for Strategic Development Projects

Sri Lanka's Ministry of Finance has published the Regulation under the Strategic Development Projects Act, No. 14 of 2008, which was originally published in Gazette No. 2474/66 on 8 February 2026. The Regulation sets the eligibility criteria for a project to be identified as a Strategic Development Project and the applicable tax concessions. The criteria are broken down into three main categories/sectors, with the criteria for different corporate income tax holiday (exemption) periods summar…