Sri Lanka, Jan. 8 -- The Inland Revenue Department (IRD) announced that a notification specifying the procedure for withholding tax on any payment to a nonresident person, under Section 86 (7) of the Inland Revenue Act, No. 24 of 2017, has been published in the official gazette.
This notification outlines the detailed steps and requirements for withholding tax on payments made to nonresident individuals and entities.
Gazette
Published by HT Digital Content Services with permission from Lanka Business Online....