I have a client who is resident in Sri Lanka and runs a wholesale business from their.
He is looking to setup a retail business in the UK.
How would his income from this UK business be taxed in Sri Lanka.
From what I have read so far any dividends received would be taxable at 15%. would the dividend received be the grossed up dividend and if so what happens to the notional 10%?
Many thanks in advance for any guidance in this area.