The tax benefits of installing solar panels

From April 1st, 2021, resident individuals can avail a tax deduction of up to Rs. 600,000 per year of assessment on the cost of their solar investments, provided that the

2024 Dec 19

The tax benefits of installing solar panels

From April 1st, 2021, resident individuals can avail a tax deduction of up to Rs. 600,000 per year of assessment on the cost of

2024 Jan 21

Tariff blow to renewable energy sector: Unit purchase price to be

For the first time, a tariff is also proposed for rooftop solar and solar photovoltaics (PV) systems with battery energy storage systems (BESS). The Cabinet paper has been

2024 Jan 04

KPMG Sri Lanka Tax News Flash

The Amendment Act provides for a concessionary rate of tax for gains and profits on the supply of electricity to the national grid generated by using renewable energy resources, with effect from

2025 Sep 07

Sri Lanka Renewable Energy Gets Major Tax Relief

Sri Lanka renewable energy projects will now benefit from duty exemptions on imported capital goods. The move is designed to accelerate investments in clean power

2024 Jul 10

Sri Lanka Boosts Renewable Energy with Tax-Free Imports

Sri Lanka''s renewable energy sector is set for a major boost as the government allows duty-free imports for capital goods used in renewable energy generation and storage.

2025 Aug 17

Sri Lanka solar batteries hit by 46-pct taxes at import, 10-years

ECONOMYNEXT – Batteries for solar power are hit with 46 percent in taxes at the point of import making them expensive in Sri Lanka compared to other countries, the island''s

2025 Sep 02

Sri Lanka Solar Battery Imports Face 46% Tax

According to the Federation of Renewable Energy Developers (FRED), imported solar storage batteries are taxed at a staggering 46%, inflating project costs and stalling growth in the sector.

2025 Sep 15

Sri Lanka solar batteries hit by 46-pct taxes at import, 10-years

ECONOMYNEXT – Sri Lanka''s state-run Ceylon Electricity Board said it will pay 45.80 rupees a unit (about 15 US cents at 300 rupees a dollar), for a unit of solar energy

2025 Jun 17

Sri Lanka Solar Battery Imports Face 46% Tax

According to the Federation of Renewable Energy Developers (FRED), imported solar storage batteries are taxed at a staggering 46%, inflating

2025 Dec 31

Sri Lanka

Electricity in Sri Lanka is generated using three primary sources: thermal power (which includes coal and fuel oil), hydropower, and other non-conventional renewable energy

2025 Aug 08

Sri Lanka solar batteries hit by 46-pct taxes at

ECONOMYNEXT – Batteries for solar power are hit with 46 percent in taxes at the point of import making them expensive in Sri

2024 Sep 11

Solar Panel Income and Tax Relief in Sri Lanka: What You Need

When you install a solar system, the cost of installation (including panels, batteries, inverters, and installation charges) is treated as a "qualifying payment" under Section 52 of the

2024 Aug 25

View/Download Tax rate for energy storage power supply in Sri Lanka [PDF]

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