7. Persons to whom this Act applies not to be entitled to certain deductions
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Notwithstanding anything to the contrary in any other law, no deductions shall, for the purposes of section 30 of the
Inland Revenue Act, No. 28 of 1979, be allowed to any person to whom this Act applies in respect of any investment made by him in accordance with the provisions of section 3 (1)()(i).
person
“person” includes a company, a body of persons or a partnership; Tax and Foreign Exchange Amnesty “relevant foreign currency” in relation to a person means foreign currency held on March 31, 1996 by such person outside Sri Lanka in violation of the provisions of the Exchange Control Act, being or being attributable to, profits and income or not being or not being attributable to profits and income, and which was acquired by him outside Sri Lanka by way of gift, donation, inheritance or any other manner whatsoever;