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

6. Amendment of section 12 of the principal enactment

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

Section 12 of the principal enactment is hereby amended as follows :—

(1)

by the substitution in the definition of the expressions “agent”, “allowance for depreciation”, and “Assessor”, the expressions “agent”, “allowance for depreciation”, “Assessor” and “Company” ;

(2)

by the repeal of the definition of the expression

“BOI enterprise” and the substitution therefor of the following :—

“BOI enterprise” in relation to any relevant year of assessment means any enterprise in relation to which the exemption of its profits and income from income tax, in terms of any agreement entered into by the Board of Investment of Sri Lanka with such enterprise under section 17 of the

Board of Investment of Sri Lanka Law, No.

4 of 1978, subsists during the whole or any part thereof of that relevant year of assessment ;”;

(3)

by the repeal of the definition of the expression

“person” and the substitution therefor of the following :—

“person” includes a company or a body of persons, but does not include-

(a)

any registered society, within the meaning of the Co-operative Societies Law, No. 5 of 1972 ;

(b)

any non-resident person carrying on business as an owner or charterer of an aircraft or ship ; ”.

Read on from s 7

Part II

Read on from Part II

Part III

Amendment of Schedule to the Finance Act…

Read on from Part III