3. Section 5 of the principal enactment is hereby amended as follows: -
| (1) in subsection (1) of that section-
| | (a) by the insertion, immediately after paragraph (e) of that subsection, of the following new paragraph: -
(b) by the insertion, immediately after paragraph (i) of that subsection, of the following new paragraph: - "
| | | " (ee) for any year of assessment commencing on or after April 1, 1976, the emoluments earned in foreign currency by any individual resident in Sri Lanka, not being an individual referred to in subsection (6) or subsection (9) of section 54, in respect of services rendered by him outside Sri Lanka in the course of any employment, profession or vocation carried on or exercised by him, if such emoluments less such amount spent by him outside Sri Lanka as is considered by the Controller of Exchange to be reasonable personal expenses, are remitted by him to Sri Lanka in accordance with such regulations as may be prescribed on that behalf by the Controller of Exchange;"; and |
| " (ii) the profits and income derived from Sri Lanka by the Government of the Peoples Republic of China, or by an agency of that Government, from the business of shipowner or charterer, and referred to in any agreement entered into between that Government and the Government of Sri Lanka; "; and |
|
|
|
| (2) by the insertion, immediately after subsection (1) of that section, of the following new subsection: - "
| | " (1A) Subsection (1) of this section shall, for each year of assessment commencing on or after April 1, 1975, have effect as though there were substituted for paragraph (x) of that subsection the following new paragraph : -
| | | " (x) the profits and income of any registered society within the meaning of the Co-operative Societies Law, No. 5 of 1972, the majority of the members of which are resident in Sri Lanka other than the profits and income of that society arising out of-
|
|
|
|
|
Sri Lanka Consolidated Acts