29. Amendment of section 62 of the principal enactment

Section 62 of the principal enactment is hereby amended by the repeal of paragraph (a) of subsection (2) of that section, and the substitution therefor of the following paragraph :—

“(a)

sums remitted or retained abroad out of the profits and income chargeable with income tax of the company and any sum received outside Sri Lanka by or on behalf of such company in relation to any trade, business, profession or vocation carried on in Sri Lanka by such company, the profits of which are chargeable with income tax in Sri Lanka, such sums not including any dividend paid by a resident company to such non-resident company;”.