Central Bank of Sri Lanka Clarifies Misleading News Reports on Statement Made By
the Governor
The Central Bank of Sri Lanka (CBSL) has observed that a certain Media Institution has
reported on their website and SMS Alert that “the Governor of CBSL announced that a tax
will be imposed on interest gained on Non-Resident Foreign Currency (NRFC) Accounts
under the new Inland Revenue Act”.
CBSL wishes to state that the Governor did not make such an announcement but stated at the
press conference held today (26.09.2017) on the Monetary Policy Review No. 6 of 2017 at
CBSL Head Office in response to a question from the Media, that under the new Inland
Revenue Act only the residents will be taxed on their interest income and not the NRFC
Accounts.