Sri Lanka’s tax incentives, like Colombo Port City’s holidays, risk irrelevance under OECD’s 15% global minimum tax (Pillar Two). Large MNCs’ “top-up taxes” now flow to parent countries (e.g., UK/India), not Sri Lanka. The solution? Adopt a Domestic Minimum Top-up Tax (DMTT) to retain revenue and pivot to non-tax FDI incentives. Without urgent reforms, Sri Lanka’s tax sovereignty and investment appeal face severe erosion.
When it comes to navigating Sri Lanka’s complex tax landscape, experience, expertise, and integrity matter. Here’s why clients trust us for their tax and advisory needs:
Benefit from our team's decades of senior-level tax authority experience and deep understanding of complex tax regulations.
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MIFA Tax is a trusted tax advisory firm providing expert solutions for individuals and businesses. With decades of senior-level tax authority experience, we offer professional guidance on all tax matters, ensuring compliance and optimal outcomes.
MIFA Tax is a trusted tax advisory firm providing expert solutions for individuals and businesses. With decades of senior-level tax authority experience, we offer professional guidance on all tax matters, ensuring compliance and optimal outcomes.
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