Speculation that expatriate Sri Lankans’ remittances to Sri Lanka are taxed and forcibly converted into Sri Lankan Rupees is completely unfounded.

There are no taxes on remittances and expatriate 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.

Expatriate Sri Lankans continue to enjoy the current incentives without any change whatsoever.