The Central Bank (CBSL) has dismissed speculation that remittances being sent home by expatriate Sri Lankans are taxed and forcibly converted into the Sri Lanka rupee.
“There are no taxes on remittances and expatriated Sri Lankans are free to hold such remittances in foreign currency form in their bank accounts or convert such remittances into Sri Lankan rupees at their discretion,” the CBSL tweeted.
Expatriate Sri Lankans continue to enjoy the current incentives without any change whatsoever, it added.
