Sri Lanka’s Cabinet has reapproved the signing of its first income tax treaty with Austria, requiring signature and ratification to take effect.

Sri Lanka’s Cabinet reapproved the signing of an income tax treaty with Austria on 7 July 2025, following prior approval granted in September 2024. The reapproval was necessary due to changes in Sri Lanka’s Cabinet and Parliament.

The decision was announced during a press briefing on Cabinet decisions held on 7 July 2025.

It must go through a process of negotiation, formal signing, and ratification in both jurisdictions before it can enter into force.