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As enacted

3. Liability to tax

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

The debits tax imposed under section 2 shall – ;

(a)

in the case of a debit from a current account maintained at a commercial bank, be paid by the person or persons in whose name or names that account is maintained ;

(b)

in the case of an amount realized by the encashment of a certificate of deposit, be paid by the holder of the certificate ; and

(c)

in the case of an amount realized by the encashment of a travellers cheque, be paid by the person presenting the travellers cheque for encashment.

2—H 015522—8,600 (2002/06)