4. Section 15 of the principal enactment is hereby amended as follows :-
| (1) by the insertion immediately after paragraph (ccc) of that section, of the following new paragraph: "
| | " (cccc) the profits and income earned in any year of assessment commencing on or after April 1, 1990 in foreign currency by any National Association of Sports registered under the Sports Law, No. 25 of 1973, in respect of services rendered by such Association, or in the course of taking part in any sport within the meaning of the Sports Law, in that year of assessment outside Sri. Lanka, if such profits and income (less such amount as the Commissioner-General considers to be reasonable expenses incurred outside Sri Lanka) are remitted by such Association to Sri Lanka ; " ; | | |
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| (2) by the substitution, in paragraph (t) of that section, for the words and figures, "President's Fund Act, No. 7 of 1978 ; and ; ", of the words and figures, : "President's Fund Act, No. 7 of 1978 ;"; |
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| (3) by the substitution, in paragraph (i:) of that section, for the words and figures, " National Defence Fund . Act, No. 9 of 1985.", of the words and figures " National Defence Fund Act, No. 9 of 1985 ; and "; and |
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| (4) by the addition, immediately after paragraph (u) of that section, of the following new paragraph : "
| | "(v) such part of any sum as does not exceed two thousand rupees paid in any year of- assessment, commencing on or after April 1, 1990 by the Sri Lanka Bureau of Foreign Employment, established by the Sri Lanka Bureau of Foreign Employment Act, No. 21 of 1985, to any person or partnership licensed by such Bureau, to carry on the business of a foreign employment agency, in respect of any Sri Lankan for whom employment outside Sri Lanka has been provided or secured by such person or partnership." | | |
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Sri Lanka Consolidated Acts