10. In this Act unless the context otherwise requires-" Commissioner-General" " person " and " precedent partner " have the respective meanings assigned to them by the Inland Revenue Act ;" employer" means any person, partnership, body of persons or any organization-
| (a) for whom an individual performs services as an employee ; |
|
| (b) paying any profits from employment within the meaning of section 4 of the Inland Revenue Act ; |
|
| (c) paying any pension or other remuneration to any former employee or to any other person for the past services of such employee, |
|
and includes in the case of a body, institution or person specified in Column I hereunder, the person specified in the corresponding entry in Column II hereunder
"emoluments" in relation to any relevant quarter and to any person to whom this Act applies-
| (a) who is an employee, means the profits (arising, or accruing or paid in, Sri Lanka)' from employment within the meaning of section 4 (1) (a) (i) of the Inland Revenue Act, other than overtime pay of such person for such quarter ; |
|
| (b) who is a self-employed person, means fifty per centum of the turnover within the meaning of the Turnover Tax Act, No- 69,1981, of such person, for such quarter, arising from the profession, vocation or similar occupation of an independent character carried on, or exercised by, such person ; |
|
| (c) who is a partner, means such part of the turnover, within the meaning of the Turnover Tax Act, No. 69 of 1981, for such quarter of the partnership of which he is a partner as is attributable to such partner, if twenty-five per centum of such turnover were to be distributed among the partners of suck partnership in the proportion in which the divisible profit of such partnership is distributable among such partners ; |
|
| (d) who is both, an employee and a self-employed person or an employee and a partner or a self-employed person and a partner means the aggregate of the profits referred to in paragraph (a) and the percentage of the turnover referred to in paragraph (b) or the profits referred to In paragraph (a) and the-part of the turnover referred to in paragraph (c) or a percentage of the turnover referred to in paragraph (b) and the port of the turnover referred to in paragraph (c) as the case may be ; |
|
| (e) who is an employee and a self-employed person and a partner means the aggregate of the profits referred to in paragraph (a) and the percentage of the turnover referred to in paragraph (b) and the part of the turnover referred to in paragraph (c) ; |
|
"Inland Revenue Act" means the Inland Revenue Act, No. 28 of 1979. |
Sri Lanka Consolidated Acts