Under Sec.17 of the BOI Law, it is empowered to approve projects and enter into agreements with enterprises and to grant exemptions from laws such as Inland Revenue, Exchange Control and Customs, subject to fulfillment of the investment threshold or any other specified requirement.
Projects approved under Strategic Development Projects Act (SDP)
Tax exemptions are considered under the provisions of Strategic Development Projects Act No 14 of 2008 and its amendments for special projects which are in the national interest, likely to bring economic and social benefits to the country and capable of changing the land scape of the country, primarily through
The SDP Act covers full or partial exemptions from following legislation based on the nature of the investment on a case by case basis.
When receiving incentives and other benefits eligible for investors, there is no discrimination between local and foreign investors if they invest in Sri Lanka under Section 17 of BOI Law or Strategic Development Projects Act
Sourced by : http://www.investsrilanka.com/setting_up_in/section_16_17_sda