As enacted

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Inland Revenue Act 2006 · As enacted · Chapter IX · Special Provisions Relating to the Taxation of Certain Profits and of Dividends Out of Such Profits

49. Rate of income tax on dividends paid out of profits taxed in accordance with section 46

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

Where the taxable income of any person other than a company for any year of assessment includes any dividend, being a dividend,–

(a)

out of profits and income referred to in section 46;

or

(b)

paid out of any such dividend as is referred to in paragraph (a) received by any company directly from a company referred to in section 46 or through one or more intermediary companies, if the first mentioned dividend is paid during the year of assessment in which the profits and income referred to in section 46 arose or accrued or within two years from the end of that year of assessment, then such part of such taxable income as consists of such dividend, shall be chargeable with income tax at the appropriate rate specified in the Fifth Schedule to this Act.

Read on from s 50

Chapter X

Companies

Read on from Chapter X

Chapter XI

Special Cases a – Children

Read on from Chapter XI

Chapter XII

Read on from Chapter XII

Chapter XIII

Payment of Tax by Self-Assessment

Read on from Chapter XIII

Chapter XIV

Deduction of Income Tax from Remuneration of Employees by Employers

Read on from Chapter XIV

Chapter XV

Provisions Relating to the Payment of Income Tax by a Government Institution

Read on from Chapter XV

Chapter XVI

Deductions from Interest Paid by Banks and Financial Institutions

Read on from Chapter XVI

Chapter XVII

Deduction of Income Tax from Specified Fees Paid by Specified Persons

Read on from Chapter XVII

Chapter XVIII

Read on from Chapter XVIII

Chapter XIX

Read on from Chapter XIX

Chapter XX

Deduction of Income Tax from Any Annuity or Royalty Paid or Any Management Fee Paid or Similar Payment Made by Any Person or Partnership

Read on from Chapter XX

Chapter XXI

Retention of Moneys in Certain Provident Funds

Read on from Chapter XXI

Chapter XXII

Assessments

Read on from Chapter XXII

Chapter XXIII

Appeals A-Appeals to the Commissioner-General

Read on from Chapter XXIII

Chapter XXIV

Finality of Assessments and Penalty for Incorrect Returns

Read on from Chapter XXIV

Chapter XXV

Tax in Default and Sums Added Thereto

Read on from Chapter XXV

Chapter XXVI

Recovery of Tax

Read on from Chapter XXVI

Chapter XXVII

Miscellaneous

Read on from Chapter XXVII

Chapter XXVIII

Repayment

Read on from Chapter XXVIII

Chapter XXIX

Penalties and Offences

Read on from Chapter XXIX

Chapter XXX

Administration

Read on from Chapter XXX

Chapter XXXI

General

Read on from Chapter XXXI

Chapter XXXII

Interpretation

Read on from Chapter XXXII

Chapter XXXIII

Application of the Inland Revenue Act…

Read on from Chapter XXXIII

Schedules