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SETTING UP OF A NEW COMPANY OR ACQUISITION OF ASSETS OF A SICK COMPANY
 
A new company is set up outside Colombo and Gampaha districts based on increased employment would be eligible for the following income tax concessions:
 
These concessions will also be available for revival of a sick company provided they set up a new company by taking over the assets of the sick company.
 
Location /Area Minimum Investment Minimum
Employment
Tax Holiday Export
Requirement
Non-Difficult Rs. 30.0 Mn. 200 & above 05 years 80%
Difficult Area Over Rs. 30.0 Mn. 200 – 999
1000 & above
08 years
10 years
80%
80%
Most Difficult
Area
Over Rs. 30.0 Mn. 200 & above 10 Years 80%
 
 
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