4. Amendment of section 4 of the principal enactment

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

Section 4 of the principal enactment is hereby amended as follows:-

(1)

by the repeal of subsection (2) of that section and the substitution therefor of the following subsection:-

“(2) Where any person who is liable to pay the levies referred to in subsections (1), (1A) and collect and pay the casino entrance levy referred to in subsection (1AA) of section 2, fails to pay–

(a)

the levy on gross collection or part thereof referred to in subsection (1A) of that section, assessed by an Assistant Commissioner for any period, required to be paid on or before the date specified in the notice of assessment;

(b)

any instalment of the levy or part thereof or the levy on gross collection or part thereof or to collect and pay the casino entrance levy, referred to in subsections (1), (1A) and (1AA)

respectively on or before the dates specified in this Act, such levy, instalment of the levy or part thereof specified under paragraph (a) or (b) shall be in default and such person who is liable to collect and pay such levies shall be a defaulter for the purposes of this Act.”;

(2)

in subsection (3) of that section-

(a)

by the substitution for the words, “Where any instalment of the levy is in default and-” of the words and figures, “Where any instalment of the levy or part thereof or the gross collection levy or part thereof or the casino entrance levy, respectively referred to in subsections (1), (1A) and (1AA) of the section 2 is in default and –”;

(b)

in paragraph (a) of that subsection by the substitution for the words, “the default is in respect of an instalment” of the words and figures, “the default is in respect of an instalment of the levy under subsection (1)

of section 2”;

(c)

in paragraph (b) of that subsection by the substitution for the words, “the default is in respect of an instalment” of the words and figures, “the default is in respect of an instalment of the levy under subsection (1)

of section 2”;

(3)

by the insertion immediately after the proviso to paragraph (b) of subsection (3) of that section of the following new paragraph: -

“(c)

the default is in respect of levies payable under subsections (1A) and (1AA) of section 2, the defaulter shall in addition to the levy in default, pay-

(i)

a penalty of a sum equivalent to ten per centum of such levy; and

(ii)

a further penalty of a sum equivalent to ten per centum of the levy in default in respect of each further period of thirty days or part thereof, during which it remains in default where such levy is not paid before the expiry of thirty days, from the time it begins to be default:

Provided that, the total amount payable as a penalty under this paragraph shall in no case exceed fifty per centum of the levy in default.”;

(4)

in subsection (4) of that section, by the substitution for the words, “Any instalment in default together”

of the words, “Any instalment of the levy or part thereof or the levy on gross collection or part thereof or the casino entrance levy, respectively referred to in subsections (1), (1A) and (1AA) of section 2, as the case may be, is in default together”;

(5)

by the insertion immediately after subsection (5) of that section of the following new subsection:-

“(5A) In addition to the provisions of subsection (5), the provisions of Chapter IX, X,XI, XII, XIII,

XIV, XV, XVI, XVII, XVIII, XIX and XX of the Inland

Revenue Act, No. 24 of 2017, for the relevant year of assessment commencing on or after April 1, 2018, relating respectively to Administration Provisions,

Record Keeping and Information Collection, Tax

Returns, Assessments, Objection and Appeals,

Liability for and Payment of Tax, Interest, Recovery of Tax, Penalties, Criminal Proceedings,

Regulations and Interpretation shall mutatis mutandis apply respectively to administration provisions, record keeping, and information collection, tax returns assessments, objection and appeals, liability for and payment of tax, interest, recovery of tax, penalties, criminal proceedings, regulations and interpretations under this Act.”;

(6)

by the repeal of subsection (6) inserted by the

Betting and Gaming Levy (Amendment) Act, No.

14 of 2015.

Read on from s 5