10. Amendment of section 2 of Part I of the Finance…

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

The Finance Act No. 5 of 2005 (In this Part referred to as the “principal enactment”) is hereby amended in section 2 of Part 1 of that Act, (Imposition of Social Responsibility

Levy) as follows :—

(1)

by the substitution for the words “be imposed with effect from the year commencing on January 1, 2005

and for every year thereafter, at the rate of 0.25

percentum on all taxes and levies chargeable in terms of the provisions of ” of the words,

“be imposed –

(a)

for the period commencing on January 1, 2005

and ending on December 31, 2005, at the rate of 0.25 percentum;

(b)

for the period commencing January 1, 2006

at the rate of 1 percentum, on all taxes and levies chargeable in terms of the provisions of ”.

(2)

by the addition immediately after the proviso to that section of the following :—

“Provided further that the Social Responsibility

Levy chargeable under the provisions of the Inland

Revenue Act, No. 38 of 2000 in terms of the provisions of this Part of this Act, on income tax shall—

(a)

in respect of the period commencing on

January 1, 2006 and ending on March 31,

2006 be calculated at the rate of 0.25

percentum ; and

(b)

in respect of the period commencing on April 1, 2006 be calculated at the rate of 1

percentum.

Read on from s 11

Part IV

Amendment of Finance Act…

Read on from Part IV

Part V

Amendment of Finance Act…

Read on from Part V