personal tax in Sri Lanka from UK dividend income

Posted by Jon Hart PM | on Tue, 15/05/2012 - 13:29 398 1 comment | report

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.

Jon

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Sri Lanka

The Innkeeper | Tue, 15/05/2012 - 13:51