Sri Lanka

Individual - Other tax credits and incentives

Last reviewed - 17 February 2020

The following incentives are available: up to 31 December 2019

  • In the case of an individual who is a senior citizen in a year with interest income derived from a financial institution, LKR 1,500,000 for each year of assessment, up to the total of the individual’s interest income for the year;
  • In the case of a resident individual or partner of a partnership with income earned in foreign currency in Sri Lanka, from any service rendered in or outside Sri Lanka to any person to be utilised outside Sri Lanka, LKR 15,000,000 for each year of assessment, up to the total of such income for the year.