Podcast
Questions and Answers
According to residency rules, a company is considered a resident in Sri Lanka if
According to residency rules, a company is considered a resident in Sri Lanka if
- its principal office is located outside Sri Lanka
- it is registered in a country other than Sri Lanka
- it is incorporated under the laws of Sri Lanka
- its management and control is exercised in Sri Lanka at any time during the year (correct)
During the year of assessment 2018/19, how many days did Mr. Philip spend in Sri Lanka?
During the year of assessment 2018/19, how many days did Mr. Philip spend in Sri Lanka?
- 150 days
- 185 days (correct)
- 120 days
- 200 days
What is the primary source of income considered for a year of assessment?
What is the primary source of income considered for a year of assessment?
- Employment income (correct)
- Investment income
- Other income
- Business income
What type of income does not include profits of a casual and non-recurring nature?
What type of income does not include profits of a casual and non-recurring nature?
Which of the following is NOT a condition for a company to be considered a resident in Sri Lanka?
Which of the following is NOT a condition for a company to be considered a resident in Sri Lanka?
What is the total number of days Mr. Philip spent in Sri Lanka?
What is the total number of days Mr. Philip spent in Sri Lanka?
A company's management and control can be exercised in Sri Lanka for
A company's management and control can be exercised in Sri Lanka for
What type of income includes gains and profits from conducting a business?
What type of income includes gains and profits from conducting a business?
A person's income from an investment for a year of assessment is
A person's income from an investment for a year of assessment is
What is NOT a condition for a person to be considered a resident in Sri Lanka?
What is NOT a condition for a person to be considered a resident in Sri Lanka?
According to the residency rules, a person's income from other sources of assessment is
According to the residency rules, a person's income from other sources of assessment is
