Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Law (No. 16 of 1976) - Sect 27

Insertion of new section 107SSS in the principal enactment

27. The following section is hereby inserted immediately after section 107ss, and shall have effect as section 107sss, of the principal enactment: -
107sss. In respect of any year of assessment commencing on or after April 1, 1976 -
(1) '' specified employee " means -
(a) any individual who receives remuneration in excess of seven hundred and fifty rupees per mensem or nine thousand rupees per annum, or
(b) any non-resident individual receiving remuneration for services rendered in Sri Lanka in excess of eighty-five rupees per mensem or one thousand rupees per annum;
(2) the provisions of section 107D shall have no application; and
(3) the provisions of subsections (2) (3), (4) and (5) of section 107E shall have no application.'.

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