Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsRate of income tax on profits and income of any foreign currency banking unit arising from any off-shore foreign currency transaction
| 41.The profits and income of any foreign currency banking unit arising from any off-shore foreign currency transaction shall, for any year of assessment be liable to income tax at the appropriate rate given in the Fifth Schedule to this Act. For the purposes of this section, any foreign currency transaction which any foreign currency banking unit enters into with any other foreign currency banking unit, shall be deemed to be an "off-shore foreign currency transaction". |