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, as last amended by Act, No. 11 of 2023 is hereby further amended as follows: -

(1)

in subsection (1A) of that section -

(a)

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

or” of the words, “ten per centum;”;

(b)

in paragraph (c) of that subsection by the substitution for the words and figures, “for any year commencing on or after April 1,

2023, at the rate of fifteen per centum,” of the words and figures, “for any year commencing on or after April 1, 2023 but ending prior to January 1, 2026 at the rate of fifteen per centum; or”; and

(c)

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

“(d) for any year commencing on or after January 1, 2026, at the rate of eighteen per centum,”; and

(2)

in paragraph (b) of subsection (1AA) of that section by the substitution for the words, “United

States Dollars fifty” of the words, “United States

Dollars one hundred”.

Read on from s 3