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

9. Insertion of new section 5A in the principal enactment

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

The following new section is hereby inserted immediately after section 5 of the principal enactment and shall have effect as section 5A of that enactment:-

5A. (1) The Parliament may by Resolution amend the rates of the –

(a)

luxury motor vehicle Levy, set out in

Part I, Part II and Part III of the First

Schedule hereto;

(b)

semi-luxury motor vehicle Levy, set out in Part I, Part II and Part III of the Second

Schedule hereto;

“Amendment of rates of luxury , semi luxury and semi-luxury dual purpose motor vehicle levies by

Resolution of

Parliament.

(c)

semi-luxury dual purpose motor vehicle Levy, set out in Part I, Part II and Part III of the Third Schedule hereto, by increasing or decreasing the amount payable as levy.

(2)

Upon the resolution seeking to amend the rates, being approved by the Parliament in accordance with the Standing Orders of the

Parliament, the Secretary to the Ministry of the

Minster shall publish a Notification in the

Gazette setting out the rates as amended.”.

Read on from s 10

Part IV

Read on from Part IV