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As enacted
EnglishSinhala සිංහල, official PDF on documents.gov.lkTamil தமிழ், official PDF on documents.gov.lk
Contents

Part I

72. Source directly to be included and amounts to be deducted

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

(1)

An amount directly included in calculating the income shall be a source in Sri Lanka where it consists of –

(a)

consideration received, a gain or an amount, referred to in paragraph (b), (c) or (d) of subsection (2) of section 6 or paragraph (b) of subsection (3) of section 7 to the extent to which a domestic asset or domestic liability is involved; and

(b)

subject to paragraph (a), a payment that has a source in Sri Lanka.

(2)

An amount directly deducted in calculating income shall have a source in Sri Lanka where it consists of –

(a)

to the extent to which it relates to domestic assets, an allowance referred to in subsection (1) of section 13 or section 16 or expenditure referred to in subsection (1) of section 14;

(b)

a loss from the realisation of a capital asset or liability of a business or an investment asset where the asset or liability involved shall be a domestic asset or domestic liability; and

(c)

subject to paragraphs (a) and (b), a payment that has a source in Sri Lanka.

Read on from s 73

Part II

Read on from Part II

Schedules