Finance (Amendment) Act 2011 · As enacted · Part V · Amendment of Part II of the Finance Act…
8. Insertion of new Part IIA in Act…
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
The following new Part is hereby inserted immediately after section 13 (Part II) of the Finance Act,
No. 25 of 2003 and shall have effect as Part IIA of that enactment:-
“PART IIA
THE LEVY ON ROOMS OF FIVE STAR HOTELS
13A. (1) Every hotel within the limits of the area of authority of the Colombo Municipal
Council and Dehiwala-Mount Lavinia
Municipal Council which are classified as a
“Five Star Hotel” for the purpose of minimum rates in terms of Price Regulation Order made under section 53 of the Tourism Act, No. 38 of 2005, shall be required to pay, with effect from
April 1, 2011, a levy, amounting to United
States Dollars twenty or its equivalent in
Sri Lanka rupees, in respect of each room in every such hotel, if such hotle comprises of rooms in respect of which charges per room is less then United States Dollars one hundred and twenty five.
The levy imposed under subsection (1)
shall be paid in such manner as specified in the guidelines issued for this purpose under subsection (3) and shall be collected by the
Chairman of Sri Lanka Tourism Development
Authority established under the Tourism Act,
No. 38 of 2005 in respect of each month commencing from April 1, 2011. Such levy
“Payment of levy by five star hotels where room charges are less than one hundred and twenty five
United States shall be collected by the Chairman within fifteen days from the last day of the month in which such amount falls due and the Chairman shall within seven days from the date of collection, remit the same to the Consolidated
Fund. The Chairman shall also submit a written statement setting out all details of the amounts collected by him to the Secretary to the
Treasury.
The Minister may, from time to time issue guildlines in relation to the collection and remittance of the levy under this section.”.
PART VI
AMENDMENT OF PART II OF THE FINANCE ACT, NO. 16 OF 1995