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

Section 8 of the principal enactment as amended by

Act, No. 10 of 2007, is hereby further amended as follows:—

(1)

in subsection (1) of that section :–

(a)

by the substitution in paragraph (b) of that subsection, for the words “one half of the official emoluments paid to-”, of the words and figures“one half of the official emoluments for any year of assessment ending on or before March 31, 2008, paid to-”;

(b)

by the substitution in paragraph (d) of that subsection, for the words “the emoluments arising in Sri Lanka and any income”, of the words and figures“the emoluments arising in

Sri Lanka prior to April 1, 2008, and any income”;

(c)

by the insertion immediately after paragraph (d) of that subsection, of the following new paragraph :–

“(dd)

the emoluments arising in Sri Lanka and any income not arising in Sri Lanka of any individual who is an expert and who is not a citizen of Sri Lanka and is employed in Sri Lanka by any undertaking which has entered into an agreement with the Government of Sri

Lanka, being an agreement which provides for the exemption from income tax of such emoluments or by any

Strategic

Development

Project

Gazetted by the Board of Investment of

Sri Lanka under subsection (4) of section 3 of the Strategic Development

Projects Act, No. 14 of 2008;

Act, No. 9 of 2008

For the purpose of this paragraph,

“expert” means an individual who has expertise in such field as may be determined by the

Commissioner-General, as being a field in which sufficient expertise is not available among the citizens of

Sri Lanka;”;

(d)

in paragraph (h) of that subsection, by the substitution for the words “granted to the wife”, of the words“granted to the spouse”;

and

(e)

in paragraph (p) of that subsection, by the substitution for the words from “which in the opinion of the Commissioner-General” to the words “allotment of grant, as the case may be; and”, of the words “which in the opinion of the

Commissioner-General is reasonable”;and

(2)

in subsection (3) of that section, by the substitution for the words “whichever is earlier.”, of the words

“whichever is earlier, but not later than April 1,

2008.”. be exempt from income tax”.

Read on from s 4