04 June 2018 Philippines - Sri Lanka Income Tax Treaty enters into force The Philippines-Sri Lanka Income Tax Treaty (the Treaty) has entered into force and will become effective on January 1, 2019 for the Philippines and April 1, 2019 for Sri Lanka. Significant provisions include: (i) Coverage and threshold periods to determine the existence of a permanent establishment (PE); (ii) Expanded coverage of taxable business profits under Article 7; (iii) Withholding tax rates for dividends, interest and royalties; and (iv) Tax exemption requirement for capital gains. Document ID: 2018-1149 |
