28. Imposition of the Migrating Tax

There shall be levied,with effect from November 1, 2015, from any citizen of Sri Lanka who permanently leaves Sri Lanka, a tax to be called Migrating Tax (hereinafter in this Part referred to as “the tax”) at the rate of twenty per centum on the foreign exchange released to be taken out of the country by such citizen.

The tax shall be collected by the Commissioner General and shall be remitted to the Consolidated Fund within fifteen days from the date of collection.

The provisions which may be necessary for the implementation of the provisions of this Part shall be prescribed by regulations made under this Act.