Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 27 of 1995) - Sect 14

Amendment of section 67 of the principal enactment

14. Section 67 Of the principal enactment is hereby amended in subsection (7) of that section by the substitution for the words " date on which he commences employment in Sri Lanka, of the following : -"date on which he commences employment in Sri Lanka:Provided that where such individual is an individual employed in a flagship company within the meaning of paragraph (aa) of section 11, such individual shall be deemed to be non-resident for a period of five years calculated from the date on which he commences employment in Sri Lanka.".


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