Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAmendment of section 32cc of the principal enactment
| 9. Section 32CC of the principal enactment is hereby amended by the substitution for the words " be chargeable with income tax at the rate of fifteen per centum. of the following:-" be chargeable with income tax at the rate of fifteen per centum :Provided that where such person to Sri Lanka is a flagship company within the meaning of paragraph (aa) of section 11 such royalty shall be chargeable with income tax at the rate of ten per centum.", |