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Grounds for obtaining a ‘divorce’ in Sri Lanka are all fault based and limited to 3, which are ‘adultery’, ‘malicious Desertion’ (where the party as fault leaves the matrimonial home) or Constructive Malicious Desertion (where due to the conduct of the party at fault the other party is compelled to
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A Q&A guide to tax on corporate transactions in Sri Lanka. This Q&A provides a high level overview of tax in Sri Lanka and looks at key practical issues including, for example, the main taxes, reliefs and structures used in share and asset sales, dividends, mergers,
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Lex Mundi’s Board of Directors voted unanimously to admit D. L. & F. De Saram as its exclusive member firm for Sri Lanka. Founded in 1898, D. L. & F. De Saram is one of the oldest and largest full-service law firms in Sri Lanka. Its team of 40
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The long overdue Apartment Ownership [Special Provisions] Bill was presented to Parliament on the 20th of June 2018 to facilitate the required registration with the relevant authorities of the Condominium Plan and Declaration of Condominium properties owned and developed by the State of State Authorities prior to 31st December 2009,
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* * இலங்கையில் தொழிற்கள் பலவித சட்டங்கள் மற்றும் பிரமாணக் குறிப்புகள் மூலம் நிருவகிக்கப்படுகின்றன. 1954 ஆம் ஆண்டு 19ஆம் இலக்க கடை மற்றும் அலுவலக ஊழியா
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Payments which are subject to withholding tax * * Dividend, interest, discount, charge, natural resource payments, rent, royalty, premium or retirement payments * * Amounts received as winnings from lottery, reward, betting or gambling * * Share of profit from partnership income * * Income received from Gem auctions Exemptions * * Payments subject to PAYE; * * Payments made by individuals
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* Savantha De Saram appointed Senior Partner of D.L. & F. De Saram with effect from 2nd April 2018. Savantha was called to the Bar in 1999. His areas of expertise include Corporate and Commercial, Project Finance, Infrastructure Projects, Securitization, Information Technology, Admiralty, Shipping and International Trade. * Aruni Marcelline appointed
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* * Savantha De Saram appointed Senior Partner of D.L.& F. De Saram with effect from the 2nd of April 2018. Called to the bar in the year 1999, Savantha has an extensive experience of 18 years with the firm and holds several professional qualifications too. This includes LLB (Hons)
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* * With effect from 1st April 2018, the PAYE rates applicable for employees (including non-citizen employees) will be changed as follows. Previous rates Income (Rs.) per monthRate0 – 62,500-62,501 – 104,1674%104,168 – 145,8338%145,834 – 187,50012%Exceeding 187,50116% New rates Income (Rs.) per monthRate0 – 100,000-100,
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Broadly, foreigners are permitted to engage in the following capital transactions (Prescribed Investments) in Sri Lanka without having to obtain approval under exchange control laws: 1. * Invest, acquire or hold all classes of shares or an entitlement to shares in any Sri Lankan company incorporated in Sri Lanka and in