Sri Lankan Government is to turn down the request of tax regulatory exemption for Asian Cricket Council in Colombo.
The Cabinet Committee on Economic Management has referred the request for tax exemptions for ACC to Minister of Sports for further clarifications.
The cabinet of ministers was of the view that tax exemptions have not been granted to these types of projects up to now.
The Asian Cricket Council (ACC) has established its head office at Maitland Crescent in Colombo 7 in the Sri Lankan capital city of Colombo.
The decision of the ACC to set up its permanent address in Sri Lanka was facilitated by overwhelming support from Sri Lanka Cricket (SLC) and the Government of Sri Lanka, both of which helped pave the way for ACC's entry into Sri Lanka."
The Asian Cricket Council (ACC) is a cricket organization established in 1983 to promote and develop the sport of cricket in Asia. Subordinate to the International Cricket Council, the council is the continent's regional administrative body, and currently consists of 25 member associations.
ACC runs a development program that supports coaching, umpiring and sports medicine programs in member countries, funded from television revenues collected during the officially sanctioned Asian Cricket Council tournaments including the Asia Cup, Asian Test Championship, ACC Trophy, and various other tournaments.(LI NEWS)