8, In this Act, unless the context otherwise requires" ''assessable income", "Assessor' "Commissioner-General", ''non-resident company "person", "profits and income ", ''resident company:', and year of assessment" have the respective meanings assigned to them in the Inland Revenue Act; . "employer", '"employee" and "remuneration" have the respective meanings assigned to them in Chapter XV of the Inland Revenue Act; '"income tax in section 2 and with reference to any per son and any relevant year.
| (i) in relation to a resident company, means the income tax payable, under section 33 (1) (a) of the Inland Revenue Act, by that company for that relevant year; |
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| (ii) in relation to a non-resident company means the income tax payable, under the Inland Revenue Act, by that company for that relevant year less any income tax payable by that company for that year, under sub-paragraph (a) or sub-paragraph (ii) of paragraph (i) of subsection (1) of section 34 of that Act ; |
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| (iii) in relation to a resident individual whose profits and income for that relevant year include any profits from employment referred to in paragraph (c) of section 4 of the Inland Revenue Act, means such income tax as would have been payable, under the Inland Revenue Act, by such individual had such profits from employment not formed part of his profits und income for that relevant year; |
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| (iv) in relation to an individual who is deemed by subsection (7) of section 67 of the Inland Revenue Act to be a non-resident, means such Income tax as would have been payable, under the Inland Revenue Act, by such individual had his profits from employment in Sri Lanka for that relevant year not formed part of his profits and income for that; year; and |
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| (v) in relation to any other person, means the income tax payable, under the Inland Revenue Act, by that person for that relevant year ; and |
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Inland Revenue Act" means the Inland Revenue Aft, No. 28 of 1979. |
Sri Lanka Consolidated Acts