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As enacted
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13. Amendment of section 40C of the principal enactment

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

Section 40C of the principal enactment is hereby amended in subsection (1) of that section, by the substitution for all the words and figures from “Where the taxable income”

to the words “and the rate of income tax”, of the following words and figures:-

“Where the taxable income of any individual:

(i)

being a citizen of Sri Lanka, for any year of assessment commencing on or after April 1,

2014 but prior to April 1, 2015, includes any profits from employment in the exercise of his duties as a professional; or

(ii)

includes any profits from employment for any year of assessment commencing on or after

April 1, 2015,

(hereinafter in this section referred to as “relevant profits”) and the rate of income tax”.

Read on from s 14