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srilawsby aturio
As enacted
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Part VII · Mansion Tax

25. Imposition of the Mansion Tax

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

(1)

There shall be levied, for every year commencing on or after April 1, 2015, on every owner of a mansion constructed on or after April 1, 2000, a tax to be called

Mansion Tax (hereinafter in this Part referred to as “the tax”)

of rupees one million per annum.

(2)

The tax shall be paid in four equal installments, respectively as follows:–

(a)

first installment on or before the fifteenth day of

July of the relevant year of assessment;

(b)

second installment on or before the fifteenth day of October of the relevant year of assessment;

(c)

third installment on or before the fifteenth day of

January of the year succeeding the relevant year of assessment;

(d)

fourth installment on or before the fifteenth day of

April of the year succeeding the relevant year of assessment.

(3)

The tax shall be collected by the Commissioner general and shall be remitted to the Consolidated Fund within fifteen days from the date of collection.

(4)

The provisions which may be necessary for the implementation of the provisions of this Part, including any adjustment to be made in determining the value of any building, shall be prescribed by regulations made under this Act.

Read on from s 26

Part VIII

Migrating Tax

Read on from Part VIII

Part IX

Motor Vehicle Importers Licence Fee

Read on from Part IX

Part X

Genreal

Read on from Part X

Schedules