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

13. Amendment of the Second Schedule to the principal enactment

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

Second Schedule to the principal enactment is hereby amended –

(1)

by the insertion immediately after the heading

“Rates of levy on Semi-luxury Motor vehicles” of the following:-

“ PART - I

For any year commencing on or after April 1,

1995, but prior to January 1, 2011:-”;

(2)

by the addition at the end of the Second Schedule of the following Part:-”

“ PART - II

For any year commencing on or after January 1,

2011:-

Amendment of the Third

Schedule to the principal enactment.

50,000 39,375 34,000 28,875 24,000 19,375

Nil”

Year

Rate

Rs.

1

For the year in which such semi-luxury motor vehicle is registered (being a year commencing on or after January 1, 2011)

2

For the first year succeeding the year in which such semi-luxury motor vehicle is registered

(whether the year of registration is any year commencing on or after January 1, 2011)

3

For the second year succeeding the year in which such semi-luxury motor vehicle is registered

(whether the year of registration is any year commencing on or after January 1, 2011)

4

For the third year succeeding the year in which such luxury motor vehicle is registered (whether the year of registration is any year commencing on or after January 1, 2011)

5

For the fourth year succeeding the year in which such semi-luxury motor vehicle is registered

(whether the year of registration is any year commencing on or after January 1, 2011)

6

For the fifth year succeeding the year in which such semi-luxury motor vehicle is registered

(whether the year of registration is any year commencing on or after January 1, 2011)

7

For the sixth year succeeding the year in which such semi-luxury motor vehicle is registered

(whether the year of registration is any year commencing on or after January 1, 2011)

8

For the seventh year succeeding the year in which such semi-luxury motor vehicle is registered (whether the year of registration is any year commencing on or after January 1,

2011)

Read on from s 14