The Central Bank of Sri Lanka says speculation that expatriate Sri Lankans’ remittances to the country are taxed and forcibly converted into Sri Lankan rupees is completely unfounded.
The CBSL said there are no taxes on remittances and expatriate Lankans are free to hold such remittances in the form of foreign currency in their bank accounts or convert such remittances into Sri Lankan rupees at their discretion.
The CBSL said expatriate Sri Lankans can continue to enjoy the current incentives without any changes.
