Finance Act 2012 · As enacted · Part III · Amendment of Part II of the Finance Act…
6. Replacement of section 3 of Act…
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
Section 3 of the Finance Act, No.16 of 1995 (hereinafter in this Part of this Act, referred to as the “principal enactment”)
is hereby repealed and the following section substituted therefor:-
3. (1) There shall be charged, levied and paid, on every luxury motor vehicle (other than a semi-luxury dual purpose motor vehicle or a wagon)-
where the first year of registration falls prior to January 1, 2011, for every year commencing on or after April 1, 1995, but for a period not more than seven years ending prior to April 1, 2011, at the respective rates set out in Part I of the First Schedule to this Act;
where the first year of registration or the payment due date of any year, falls within the period commencing on
January 1, 2011 and ending prior to
November 22, 2011, at the respective rates set out in Part II of the First
Schedule to this Act; and
where the first year of registration or the payment due date of any year, falls after November 22, 2011, for a period not more than seven years from such date, at the respective rates set out in
Part III of the First Schedule to this Act, a luxury motor vehicle levy. The levy payable for every such year shall be paid by the registered owner of the luxury motor vehicle on or before the relevant date:
“Annual luxury motor vehicle levy.
Provided however, where any part of the period of seven years referred to in paragraph (a) above, continues after
January 1, 2011 the luxury motor vehicle levy payable on or after
November 22, 2011, in respect of such period shall be paid at the respective rates set out in Part III of the First
Schedule to this Act:
Provided further , such luxury motor vehicle levy shall not be charged in respect of any luxury motor vehicle owned by –
an organization or an individual to whom the provisions of
Diplomatic Privileges Act, No. 9
of 1996 is applicable; or
a Department or a Ministry of the
Government or of a Provincial
Council .
For the purposes of this section, the
“Provincial Council” means a Provincial
Council established under Chapter XVIIA of the Constitution.”.