Sri Lanka, June 11 -- The headline Capital Gains Tax (CGT) rate on trusts, unit trusts, mutual funds, and non-governmental organisations increased from 10% to 30% following the parliamentary passage and certification of the Inland Revenue (Amendment) Act No. 11 of 2026, according to a KPMG Tax News Flash report.

The legislative enactment triggered immediate rate hikes, raising CGT for individuals and partnerships from 10% to 15%, while trusts, unit trusts, mutual funds, and NGOs saw their rates jump from 10% to 30%, the report noted.

The CGT applies directly to profits realised during asset disposal and represents the exact difference between sale proceeds and the underlying cost basis.

Organisations face a mandatory 30-day window to c...