10. Amendment of section 72 of the principal enactment

Section 72 of the principal enactment is hereby amended by the addition immediately after subsection (2) of that section, of the following new subsection: -

“(3) Notwithstanding anything to the contrary in subsection (2), a payment that has no source in

Sri Lanka shall be directly deducted in calculating income, to the extent that such payment is incurred during the year of assessment in relation to the export of goods or services from Sri Lanka.”.