12. Interpretation

In this Act unless the context otherwise requires—

“agent”, “allowance for depreciation ” and “Assessor”, shall have the respective meanings assigned to them in the Inland Revenue Act ;

“BOI enterprise” means any enterprise with which an agreement has been entered into by the Board of

Investment of Sri Lanka under the Board of

Investment of Sri Lanka Law, No. 4 of 1978 ;

“business”, “capital asset”, “Commissioner General”,

“disposal” shall have the respective meanings assigned to them in the Inland Revenue Act ;

“Commissioner-General” and “Deputy Commissioner”

shall have the same meaning as in the Inland Revenue

Act,

“Inland Revenue Act” means the Inland Revenue Act, No.

38 of 2000 ;

“partnership”, “proceeds” and “profits or income” shall have the respective meanings assigned to them in the Inland Revenue Act ;

“person” includes a company or body of persons but does not include any registered society within the meaning of the Co-operative Societies Law, No. 5

of 1972.

“statutory income”, “taxable income”, “trade”, and “year of assessment” shall have the respective meanings assigned to them in the Inland Revenue Act.