Inland Revenue (Amendment) Act 2013 · As enacted
3. Amendment of section 8 of the principal enactment
Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk
Official translationFrom Department of Government Printing, unchanged
Section 8 of the principal enactment as last amended by Act, No. 22 of 2011 is hereby further amended in subsection (1) as follows :-
by the insertion immediately after paragraph (dd) of that subsection, of the following new paragraph :-
“(ddd)
the emoluments arising in Sri Lanka of any individual who is an expert and who is not a citizen and is brought to and employed in
Sri Lanka by any undertaking for the purposes of that undertaking, being an undertaking with which an agreement has been entered into by the Board of Investment of Sri Lanka and invested more than US $ 50
Million as direct foreign investment made on or after April 1, 2013, during the period of its tax holiday under section 17A or section 16D as the case may be, and if it is confirmed by the Board of Investment of Sri Lanka that the service rendered by him in carrying out activities of such undertaking in Sri Lanka is essential and such service is not obtainable from Sri Lanka:
Provided that the number of experts in an undertaking to whom this provision is applicable shall not exceed five.
For the purpose of this paragraph “expert”
means an individual who has expertise in such field as may be determined by the Commissioner - General on the recommendation made by the Board of
Investment of Sri Lanka, as being a field in which sufficient expertise is not available among the citizens of Sri Lanka;” ;
by the substitution in paragraph (t) of that subsection for the words “exceeds five hundred thousand rupees, then-” of the words and figures
“exceeds five hundred thousand rupees, for any year of assessment commencing prior to April 1, 2013, then-”; and
by the substitution in paragraph (w) of that subsection for the words “one hundred thousand rupees,”, of the words and figures “one hundred thousand rupees, for any year of assessment commencing prior to April 1, 2013,”.