Construction industry appreciates the benefits given in the 2021 Budget: Tax break for recycled materials, real estate sector capital gain tax benefits and stamp duty reduction Requires Rs. 800-1000 b projects to contribute 10% to GDPConstruction projects to be fairly distributed among the 3,800 CIDA-registered contractors40% of foreign-funded projects to be allocated to local contractors/consultants CIOB, one of the oldest and leading institutions representing the construction industry in Sri Lanka, states that construction projects proposed in the 2021 Budget should be fairly distributed amo…
