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

5. Replacement of section 7 of Act…

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

Part II (Imposition of Share Transaction Levy) of the Finance Act, No. 5 of 2005 is hereby amended with effect from January 1, 2011, by the repeal of section 7 thereof and the substitution therefor of the following section:-

7. There shall be imposed, a levy called the Share Transaction Levy -

(a)

for any period commencing from

January 1, 2005, but prior to January 1, 2011, at the rate of 0.2 per centum;

and

(b)

for any period commencing on or after January 1, 2011, at the rate of 0.3 per centum, from every buyer and seller, on the turnover of every share trading transaction, which is conducted through a Stock Exchange.”.

“Imposition of Share

Transaction

Levy.

Read on from s 6

Part IV

Amendment of Part III of the Finance Act…

Read on from Part IV

Part V

Amendment of Part II of the Finance Act…

Read on from Part V