📈 Sri Lanka Tax Concessions to BOI and Projects Top Rs. 276 Bn

• Overall Figures: According to the Finance Ministry’s Tax Expenditure Report, identified tax concessions extended to Board of Investment (BOI) enterprises and Strategic Development Projects (SDPs) exceed Rs. 276 billion, reflecting varied tax periods. • Corporate Income Tax: BOI corporate income tax expenditure reached Rs. 171.37 billion for the 2024/25 basis year (against a 30% standard rate), while SDPs recorded Rs. 18.39 billion. • Border Levies & VAT: BOI customs duty, PAL, and CESS concessions totaled Rs. 76.13 billion through May 2026. Meanwhile, BOI VAT expenditure stood at Rs. 9.58 billion in 1Q 2026, led by manufacturing and textiles & garments. • Note: The report does not quantify wider economic benefits or net fiscal impact from these incentives based on these data alone.