5. Amendment of section 13 of the principal enactment

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

Section 13 of the principal enactment as last amended by Act, No. 22 of 2011 is hereby further amended as follows:—

(1)

by the insertion immediately after paragraph (t) of that section, of the following new paragraph:—

“(tt)

the profits and income accruing to any person from the redemption of a unit of a

Unit Trust or a Mutual Fund;”;

(2)

by the insertion immediately after paragraph (v) of that section, of the following new paragraph :-

“(vv)

the profits and income of any individual who is not a citizen of Sri Lanka and who is brought to Sri Lanka as a trainer of any sport, being profits and income derived by such individual in the capacity of such trainer in Sri Lanka;”;

(3)

by the substitution in sub-paragraph (ii) of paragraph (xxxxxx) for the words and figures

“section 17C;”, of the words and figures “section 16C;”;

(4)

by the insertion immediately after paragraph (yyyyy)

of that section, of the following new paragraph :-

“(yyyyyy)

any royalty received in foreign currency by any person resident in Sri Lanka from outside Sri Lanka, if such royalty is remitted to Sri Lanka through a bank;”;

(5)

by the insertion immediately after paragraph (zzzzz)

of that section, of the following new paragraph :-

“(zzzzzz)

the profits and income arising or accruing to any person from the administration of any sports ground, stadium or sports complex.”.

Read on from s 6