As enacted

Contents

2. Amendment of section 2 of Act…

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Section 2 of the Betting and Gaming Levy Act, No. 40

of 1988 (hereinafter referred to as the “principal enactment”)

as last amended by Act, No. 14 of 2015 is hereby further amended as follows: -

(1)

in subsection (1A) of that section-

(a)

in paragraph (a) of that subsection by the substitution for the words, “five per centum;

or” of the words, “five per centum;”;

(b)

in paragraph (b) of that subsection by the substitution for the words and figures, “on or after January 1, 2015, at the rate of ten per centum” of the words and figures, “on or after

January 1, 2015 but ending prior to April 1,

2023 at the rate of ten per centum; or”;

(c)

by the insertion immediately after paragraph (b) of that subsection of the following new paragraph: -

“(c)

for any year commencing on or after

April 1, 2023, at the rate of fifteen per centum,”;

(d)

in that subsection by the substitution for the words, “on the gross collection” of the words

“on the gross collection (hereinafter referred to as the “gross collection levy”)”;

(e)

in the first proviso to that subsection by the substitution for the words and figures, “Value

Added Tax under the Value Added Tax Act,

No. 14 of 2002 or the Nation Building Tax under the Nation Building Tax Act, No. 9 of 2009,” of the words and figures, “Value

Added Tax under the Value Added Tax Act,

No. 14 of 2002,the Nation Building Tax under the Nation Building Tax Act, No. 9 of 2009 or the Social Security Contribution

Levy under the Social Security Contribution

Levy Act, No. 25 of 2022,”;

(2)

in subsection (1AA) of that section by the repeal of the words and figures from the words, “Every person” to the words, “any person who enters such place of business of gaming:” and substitution therefor of the following words and figures:-

“(1AA) Every person who carries on the business of gaming shall collect a levy (hereinafter referred to as the “casino entrance levy”) and pay such levy to the Commissioner General in accordance with the provisions of paragraph (b) of subsection (1B)

of this section for each relevant instalment specified under section 4 as follows, for any period:-

(a)

commencing on or after January 1, 2015 but ending prior to April 1, 2023 a casino entrance levy of United States Dollars one hundred or its equivalent in any other convertible foreign currency or in Sri Lanka currency from any person who enters such place of business of gaming; and

(b)

commencing on or after April 1, 2023 a casino entrance levy of United States Dollars fifty or its equivalent in any other convertible foreign currency or in Sri Lanka currency from any person who is a citizen of Sri Lanka who enters such place of business of gaming:”;

(3)

in subsection (1B) of that section-

(a)

by the substitution for the words, “Every person who is liable to pay the levy under subsection (1A) and subsection (1AA),” of the words, “Every person who is liable to pay the gross collection levy under subsection (1A) and every person who is liable to collect and pay the casino entrance levy under subsection (1AA),”;

(b)

in paragraph (b) of that subsection by the substitution for the words, “remit the levies”

of the words, “pay to the Commissioner-General the levies”;

(4)

by the repeal of subsection (1C) of that section and the substitution therefor, of the following subsection: -

“(1C) (a) Where any person who is liable to pay the levies referred to in subsections (1) and (1A)

and collect and pay the casino entrance levy referred to in subsection (1AA), fails to collect and pay such levies charged, the provisions of subsections (2), (3), (4), (5), (5A) and (6) of section 4, as applicable, shall apply in respect of such failure; and

(b)

The manner and the procedure relating to the collection and payment of the levy under subsection (1AA) may be prescribed by the Minister.”.

Read on from s 3