and is similar in status to that of a branch office. It is, prohibited from engaging in any trading or investment activity or accruing any turnover in Sri Lanka. No tax incident arises since it is not permitted to trade. Therefore, a...
” Government has already submitted a proposal to revise PAYE tax to IMF. The IMF has also come up with a different proposal. We will go in for a dialogue with IMF in this regard and come into an agreement on the revisal. We will inform the people as to how PAYE tax will be reduced...