7. Amendment of section 13 of the principal enactment

(yyyyyyy) of that section, of the following new paragraph :-

“(yyyyyyyy)

the profits and income of any person resident in Sri Lanka who acquires any internationally recognized intellectual property on or after April 1, 2014 and who earns profits and income by way of royalty out of such intellectual property, if such royalty is received in foreign currency and remitted to Sri Lanka through a bank;”; and

(zzzzzzz) of that section, of the following new paragraph :-

“(zzzzzzzz)

the profits and income arising or accruing to any company, partnership or body of persons in a country outside Sri Lanka, from any payment made for the use of any computer software, by Sri Lankan

Air Lines Ltd or Mihin Lanka (Pvt)

Ltd, as a special requirement of such

Airlines, if a Double Taxation

Avoidance Agreement providing relief for double taxation of such profits and income is not in force between Sri Lanka and that country or tax is not payable in such country on such profits and income.”.