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As enacted
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Part I · Imposing the Tax on Voluntary Disclosure

6. Immunity granted to declarants

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

(1)

A declarant whose declaration has been accepted by the Commissioner-General under subsection (3) of section 5 and, who has paid the Tax on Voluntary Disclosure as specified in section 4, shall be entitled to enjoy the full immunity from liability to pay any tax, penalty or interest or from any investigation or prosecution –

(a)

under the provisions of any law specified in

Schedule I hereto, other than the Value Added Tax

Act, No. 14 of 2002, in relation to any year of assessment ending on or prior to March 31, 2020

in relation to the income or asset disclosed in the declaration made under subsection (1) of section 5;

(b)

under the provisions of the Value Added Tax Act,

No. 14 of 2002 in relation to any year of any period ending on or prior to March 31, 2020 in relation to the amount of taxable supplies disclosed in the declaration made under subsection (1) of section 5, unless such tax has been collected by such declarant.

(2)

Subject to the provisions of subsection (5) of section 5, the Commissioner-General shall ensure that full immunity as specified above, be granted to any declarant referred to in subsection (1).

Read on from s 7

Part II

Provisions to Write Off Tax Arrears Under Certain Laws

Read on from Part II

Schedules