Lanka, Kuwait agreement on avoidance of double taxation
[February 06, 2002 - 10.20 GMT]

The Governments of Sri Lanka and Kuwait concluded an agreement on Tuesday, February 05, for relief from double taxation and the prevention of fiscal evasion with respect to income tax, in trade between the two countries.

The agreement includes provisions for taxation at reduced rates of interest, dividends and royalties to promote capital inflows.

“Under the provisions an investor would be given credit in his home country for the taxes that he paid in the other country,” the Commissioner General of Inland Revenues, B.T. Perera said.

Kuwait is the 30^th country to sign such an agreement with Sri Lanka.

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Last Updated Date: February 06, 2002  - 10.20 GMT.