2.
| (1) Income tax shall, subject to the provisions of this Act, be charged at the appropriate rates specified in the First, Second, Third, Fourth and Fifth Schedules to this Act, for every year of assessment commencing on or after April 1, 2006 in respect of the profits and income of every person for that year of assessment -
| | (a) wherever arising, in the case of a person who is resident in Sri Lanka in that year of assessment; and | | |
| | (b) arising in or derived from Sri Lanka, in the case of every other person. | | |
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| (2) For the purposes of this Act, "profits and income arising in or derived from Sri Lanka" includes all profits and income derived from services rendered in Sri Lanka or from property in Sri Lanka, or from business transacted in Sri Lanka, whether directly or through an agent. |
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Sri Lanka Consolidated Acts