62.
| (1) The income tax to which a company which is not resident in Sri Lanka in any year of assessment, shall be liable for that year of assessment shall consist of -
| | (a) a sum equal to the amount calculated at the rate specified in the Second Schedule to this Act ; | | |
| | (b) where there are remittances of such company in that year of assessment, a sum equal to ten per centum of the aggregate amount of such remittances by such company. | | |
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| (2) In subsection (1), "remittances" with reference to a non-resident company mean-
| | (a) sums remitted or retained abroad out of the profits and income chargeable with income tax of the company and any sum received outside Sri Lanka by or on behalf of such company in relation to any trade, business, profession or vocation carried out in Sri Lanka by such company, the profits of which are chargeable with income tax in Sri Lanka, such sums not including any dividend paid by a resident company to such non resident company ; | | |
| | (b) such part of the proceeds of the sale abroad of products exported by that company as is retained abroad; and | | |
| | (c) in respect of any products exported by that company and not sold in a wholesale market or not sold at all, such part of the profits deemed under section 84 to be derived from Sri Lanka as is retained abroad. | | |
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Sri Lanka Consolidated Acts