2. Amendment of section 2 of the Betting and Gaming Levy Act…

Official English translation. The Sinhala 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. 19 of 2013 is hereby further amended as follows:-

(1)

in subsection (1A) of that section, by the substitution for the words “a levy at the rate of five per centum” of the following words:-

“a levy-

(a)

for any year commencing on or after

January 1, 2013 but prior to January 1,

2015, at the rate of five per centum;or

(b)

for any year commencing on or after

January 1, 2015, at the rate of ten per centum”.

(2)

by the insertion immediately after subsection (1A)

of that section of the following new subsection:-

“(1AA) Every person who carries on the business of gaming in Sri Lanka for any year commencing on or after January 1, 2015, shall collect a Levy (hereinafter referred to as the “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:

Provided however, the provisions of subsection (1AA), shall not apply to-

(a)

the managing director or any member of the Board of

Management or any employee of such place of business of gaming;

(b)

any officer authorized in that behalf to enter such place of business in the exercise, performance and discharge of his duties under any written law; or

(c)

any person prescribed under this Act.

(3)

In subsection (1B) of that section:-

(a)

by the substitution for the words and figures “subsection (1A)” of the words and figures” subsection (1A) and subsection (1AA),” ; and

(b)

by the repeal of paragraph (b) and the substitution therefor of the following paragraph:-

“(b) remit the levies charged and collected under subsection (1A) and subsection (1AA) of section 2, in respect of each month on or before the end of the first week of the month immediately succeeding that month.”.

(4)

in subsection (1C) of that section by the substitution for the words and figures “subsection (1A),” of the words and figures “subsection (1A) and subsection (1AA),”.

Read on from s 3