COLOMBO : Sri Lanka’s tax incentive ecosystem is entering a new era characterised by strengthened governance and enhanced oversight. With fresh regulations issued for the Colombo Port City and amendments introduced to the SDP Act, the government has signalled its commitment to improving fiscal accountability and ensuring that incentives deliver measurable economic value.
A central feature of the reforms is the introduction of structured governance mechanisms: mandatory ex-ante assessments by the Ministry of Finance, KPI-driven ex-post monitoring, and public disclosure of tax expenditures. These measures collectively enhance credibility, reduce discretionary decision-making, and align Sri Lanka with international standards.
Given the scale of these changes, organisations will need to upgrade their compliance, reporting, and internal governance functions. To guide stakeholders through this transition, the KPMG Sri Lanka Academy will conduct a complimentary webinar on “Tax Incentive Regimes in Sri Lanka – Port City, SDP & BOI Incentive Regimes” on 12 December 2025 at 3.00 p.m., led by experts Mr. Suresh Perera and Ms. Rifka Ziyard of KPMG in Sri Lanka. For additional details, contact Seneli (+94 77 444 6649 | sjayatunge1@kpmg.com) or Nirosha (+94 71 723 6842 | niroshadesilva@kpmg.com).
