Govt. grants 15-year tax holiday for foreign campus

The Government has decided to grant a 15-year tax amnesty for the project to set up a branch campus of Britain’s Central Lancashire University in the Mirigama Export Processing Zone.
 
The government presented the gazette notification in Parliament today announcing tax benefits for the proposed project to be implemented under the Strategic Development Act.

The campus, once established, should adhere to the provisions of the Universities Act in conducting its educational activities. (Kelum Bandara)