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

9. Replacement of section 3…

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

Section 3 of the Finance Act, No.16 of 1995

(hereinafter in this Part referred to as the “principal enactment”) is hereby repealed and the following section substituted therefor:-

3. There shall be charged, levied and paid, on every luxury motor vehicle (other than a semi-luxury dual purpose motor vehicle or a wagon)-

(a)

where the first year of registration falls prior to January 1, 2011, for every year commencing on or after April 1, 1995, but for a period not more than seven years prior to January 1, 2011, at the respective rates set out in Part I of the

First Schedule to this Act; and

(b)

where the first year of registration falls on or after January 1, 2011, for every year commencing on or after January 1, 2011, but for a period not more than seven years, at the respective rates set

“Annual luxury motor vehicle levy.

out in Part II of the First Schedule to this Act, a luxury motor vehicle levy . The levy payable for every such year shall be paid by the registered owner of the luxury motor vehicle on or before the relevant date.”.

Read on from s 10