Tax Treaty between the Philippines and Sri Lanka has Entered into Force
The income tax treaty between the Philippines and Sri Lanka entered into force on 14 March 2018. The treaty, signed 11 December 2000, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Philippine income taxes and Sri Lanka income tax, including the income tax based on the turnover of enterprises.
Service PE
The treaty includes the provision that a permanen…
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