9. Amendment of section 69 of the principal enactment

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

Section 69 of the principal enactment is hereby amended as follows: -

(1)

in paragraph (d) of subsection (1) of that section, by the substitution for the words “so employed.”, of the following: -

“so employed:

Provided that, if such individual is a citizen or subject of any country other than Sri

Lanka, such individual shall not, by reason of being so deemed to be resident in Sri Lanka, be liable to income tax as a resident in respect of any income other than his income from the employment on such ship:

Provided further, any individual who is deemed to be a resident in Sri Lanka only for the purpose of income tax under this paragraph shall be treated as a resident in Sri Lanka during the period he is so employed.”; and

(2)

by the insertion immediately after subsection (1) of that section, of the following new subsections: -

“(1A) Notwithstanding the provisions of subsection (1), an individual shall not be a resident in Sri Lanka for a year of assessment, if the individual holds an Investor Category

Residence Visa issued by the Controller of

Immigration and Emigration.

(2A)

For the avoidance of doubt, it is hereby declared that if an individual leaves Sri Lanka for an employment under a contract for a period of not less than one year with an employer who is not associated with the immediate Sri Lankan employer of the individual, such individual shall not be considered as a resident of Sri Lanka for the period commencing on the first day of the year of assessment in which the individual leaves Sri Lanka and ending on the date of expiry of such contract.”.

Read on from s 10