22. The profits and income accruing to any person from the performance of any contract which he has entered into-
| (a) with the Government of Sri Lanka ; or |
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| (b) with the proprietor of any undertaking referred to in section 16 in respect of the construction of any building for the purposes of such undertaking ; or |
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| (c) with any such public corporation or institution as may be approved by the Minister, |
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shall be exempt from income tax if such person-
| (i) at the time he entered into such contract, was a non resident person and did not have a place of business in Sri Lanka ; |
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| (ii) satisfies the Commissioner-General that he entered into such contract for the sum stipulated therein on the basis that such sum would not be liable to income tax ; and |
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| (iii) is specified by the Minister by Order published in the Gazette as being a person whose services are required for the economic development of Sri Lanka and to whom this section applies. |
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Sri Lanka Consolidated Acts