23. Section 61 of the principal enactment is hereby amended by the insertion, immediately after subsection (4) of that section, of the following new subsection: -
| " (4A) Where a non-resident person carries on the business of shipowner or charterer and any ship owned or chartered by him calls at a port in Sri Lanka, an amount equal to six per centum of the entire sum receivable on account of the carrying of passengers, mails, livestock and goods shipped in Sri Lanka (other than goods brought to Sri Lanka solely for trans-shipment) shall, for any year of assessment commencing on or after April 1, 1975, notwithstanding anything to the contrary in any other provision of this Act, be deemed to be his full profits arising from the carriage of such passengers, mails, livestock or goods and such profits shall be deemed to arise in Sri Lanka.". |
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Sri Lanka Consolidated Acts