26 May Sri Lanka exempts inward remittances from certain regulations and taxes
Posted at 10:22h in
April 20, 2020 | Sector: Public sector
The Sri Lankan authorities have introduced measures for a period of three months, aimed at restricting capital outflows, through suspension of outward investment payments, and a prohibition on commercial banks purchasing Sri Lankan sovereign bonds. There are also some current account restrictions, suspending imports of non-essential goods except pharmaceutical products and fuel, as well as prohibiting commercial banks facilitating imports of vehicles and non-essential goods, and suspension of outward remittances. Inward remittances will be exempted from certain regulations and taxes.