7. Section 15 of the principal enactment is hereby amended by the insertion immediately after paragraph (c) of that section, of the following paragraph:
| " (cc) the profits and income earned in any year of assessment in foreign currency, by a resident company or a partnership which carries on or exercises any trade, business, profession or vocation in respect of services rendered by such company or partnership in that year of assessment outside Sri Lanka in the course of carrying on, exercising or carrying out a profession or vocation or construction project, if such profits and income (less such amount as the Commissioner-General considers to be reasonable expenses) are remitted by such company or partnership to Sri Lanka ;". |
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Sri Lanka Consolidated Acts