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As enacted
Contents

Chapter III · Exemption from Income Tax

18. Exemption from income tax of the profits and income of any undertaking which provides certain services

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

The profits and income within the meaning of paragraph (a) of section 3 (other than any profits and income from the sale of capital assets), of any person or partnership from any undertaking which commences business on or after

April 1, 2000, for the provision of services of refrigerated transport or cold-room-storage or other services ancillary thereto, shall be exempt from income tax for a period of five years reckoned from the commencement of the year of assessment in which such undertaking commences to carry on business.

Chapter IV

Ascertainment of Profits or Income

Chapter V

Ascertainment of Total Statutory Income

Chapter VI

Chapter VII

Ascertainment of Taxable Income

Chapter VIII

Rates of Income Tax on Persons Other Than Companies

Chapter IX

Special Provisions Relating to the Taxation of Certain Profits and of Dividends Out of Such Profits

Chapter X

Companies