31. Imposition of Annual Company Registration Levy

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

(1)

There shall be charged and levied for the year commencing on January 1, 2016, and ending on December 31, 2016 from every company incorporated or registered under the Companies Act, No. 7 of 2007, a levy to be called

“Annual Company Registration Levy” (hereinafter in this

Part reffered to as “the levy”) at the respective rates as specified for each category of Company in the Second

Schedule:

Provided however, the provisions of this section shall not apply to-

(a)

an off-shore company; and

(b)

a company limited by guarantee.

(2)

The levy shall be collected by the Registrar of

Companies from every relevant company on or before

December 31, 2019 and be remitted to the Consolidated

Fund.

(3)

The provisions which may be necessary for the implementation of the provisions of this Part shall be prescribed by regulations made under this Act.

Read on from s 32

Part X

Debt Repayment Levy

Read on from Part X

Part XI

Carbon Tax

Read on from Part XI

Part XII

Cellular Tower Levy

Read on from Part XII

Part XIII

Imposition of Levy on Mobile Short Message Services

Read on from Part XIII

Part XIV

General

Read on from Part XIV