As enacted

Contents

Finance Act 2012 · As enacted · Part III · Amendment of Part II of the Finance Act…

8. Replacement of section 5 of the principal enactment

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

Section 5 of the principal enactment is hereby repealed and the following section substituted therefor :-

5. (1) There shall be charged, levied and paid, on every semi-luxury dual purpose motor vehicle (other than a wagon) -

(a)

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 Third Schedule to this Act;

(b)

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 Third

Schedule to this Act; and

(c)

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 Third Schedule to this

Act, a semi-luxury dual purpose motor vehicle levy.

The levy payable for every such year shall be paid by the registered owner of the semi-luxury dual purpose motor vehicle on or before the relevant date :

“Annual semi-luxury dual purpose 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 semi-luxury dual purpose 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 Third

Schedule to this Act:

Provided further, such semi-luxury dual purpose motor vehicle levy shall not be charged in respect of any semi-luxury dual purpose motor vehicle owned by –

(a)

an organization or an individual to whom the provisions of Diplomatic

Privileges Act, No. 9 of 1996 is applicable; or

(b)

a Department or a Ministry of the

Government or of a Provincial Council.

(2)

For the purposes of this section, the

“Provincial Council” means a Provincial

Council established under Chapter XVIIA of the Constitution.” .

Read on from s 9

Part IV

Read on from Part IV