13. Commissioner-General to submit a report where there is an excess

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

Where the aggregate of taxes, not including any penalty accrued thereon or any part of tax held-over or deferred, which is in default under any law specified in the

Schedule to this Act as at the end of any calendar year commencing on or after January 1, 2010, over the aggregate of taxes in default as at the end of the immediately preceding year, exceeds three per centum of the total tax collected from the taxes levied and charged under the said laws in the immediately preceding year, the Commission-General shall submit a report to the Minister within four months of the end of that year, giving reasons for such excess and make recommendations in regard to any remedial action that may be adopted, to overcome such excess.

(2)

In the event that the reasons given by the

Commissioner-General in his report submitted under subsection (1) are accepted by the Minister, he shall request the Commissioner-General to take all such steps as he shall consider necessary, to give effect to the recommendations made in the report submitted.

(3)

Where the reasons given by the Commissioner-General in his report submitted under subsection (1) is not accepted by the Minister as being adequate to warrant such excess, the Minister shall in writing require the Commissioner-General to comply with the requirement imposed by that subsection, within six months of the receipt of his communication.

(4)

Where the Commissioner-General fails to comply with a request made under subsection (3) within the time stipulated under that subsection, the Cabinet of Ministers shall take such action against the Commissioner-General, as it shall deem appropriate in the circumstances.

Read on from s 14

13. Commissioner-General to submit a report where there is an excess

Schedules