On 21 June 2023, the Czech Senate (upper chamber of Parliament) approved the bill for the ratification of the pending income tax treaty with Sri Lanka. The treaty, signed 3 February 2023, will enter into force after the ratification instruments are exchanged and, once in force and effective, will replace the 1978 tax treaty between Sri Lanka and the former Czechoslovakia as it applies in respect of the Czech Republic and Sri Lanka. Taxes Covered The treaty covers Czech tax on income of individuals and tax on income of legal persons. It covers Sri Lanka income tax, including the income...