51.
| (1) Where am individual or any partnership in Sri Lanka, earns in any year of assessment any emoluments and ices in foreign currency in respect of services rendered in Sri Lanka by such individual or by such partnership in Sri Lanka to am person or partnership outside Sri Lanka, in the course of any profession, or any vocation in the field of literature or fine arts, carried on or exercised by such individual or by such partnership in Sri Lanka but not in the course of employment under such person or partnership outside Sri Lanka, and such emoluments and fees are remitted to such individual or to such partnership in Sri Lanka through a bank. such emoluments and ices, shall notwithstanding anything to the contrary in this Act. be chargeable with income tax in accordance with the succeeding provisions of this section. |
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| (2) Where the taxable income for am year of assessment referred to in subsection (1) of any individual includes any emoluments and fees referred to in such subsection earned by such individual or which accrued to such individual by way of his share of profits from any partnership in Sri Lanka referred to in subsection (1 ) and the rate of income tax payable on a pan of such income (hereinafter in this" section referred to as the "relevant part of income") exceeds fifteen per centum, then, in regard to the relevant part of the income, the tax shall be computed as follows :"
| | (a) if the relevant part of the income exceeds the amount of such profits and income"
| | | (i) the tax payable on such part of the relevant pan of the income as is equal to the amount of such profits and income shall be at the rate of' fifteen per centum ; and |
| (ii) the tax payable on the balance of the relevant part of the income shall be computed according to such of the rales of above fifteen per centum as are applicable thereto under this Act ; and |
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| | (b) if the relevant part of the income does not exceed the amount of such profits and income, the tax payable on the entirety of the relevant part of the income shall be at the rate of fifteen per centum notwithstanding anything to the contrary in this Act, | | |
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Sri Lanka Consolidated Acts