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Department of Inland Revenue has published a Circular to Commercial Banks and specialized Banks – Remittances which are not required to obtain a “Tax Clearance Certificate” to proceed the payment through a Banks [Circular No. SEC/2018/03_29 March 2018]
The circular talks about a Exchange Control Act, but isn’t the new act called
Foreign Exchange Act No 12 of 2017
All foreign exchange transactions were governed by the Exchange Control Act, No. 24 of 1953 and regulations and directives issued under such Act. The Exchange Control Act is repealed with the new Foreign Exchange Act, No. 12 of 2017.
Download:
http://lankataxclub.lk/wp-content/uploads/2017/06/12-2017_E.pdf