As enacted

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Inland Revenue Act 2006 · As enacted · Chapter XIV · Deduction of Income Tax from Remuneration of Employees by Employers

123. Income tax deducted not to form part of assets of employers

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

Notwithstanding anything in any other law, the amount of every tax deduction made under the provisions of this Chapter and held by the employer for remittance to the

Commissioner-General, shall not be such property of such employer as is liable to execution or administration in the event of the bankruptcy, liquidation, dissolution or death of such employer or to assignment for the benefit of creditors, and such amount shall remain apart from and form no part of the estate in bankruptcy, liquidation, assignment of such employer or the estate of the deceased employer.

Read on from s 124

Chapter XV

Provisions Relating to the Payment of Income Tax by a Government Institution

Read on from Chapter XV

Chapter XVI

Deductions from Interest Paid by Banks and Financial Institutions

Read on from Chapter XVI

Chapter XVII

Deduction of Income Tax from Specified Fees Paid by Specified Persons

Read on from Chapter XVII

Chapter XVIII

Read on from Chapter XVIII

Chapter XIX

Read on from Chapter XIX

Chapter XX

Deduction of Income Tax from Any Annuity or Royalty Paid or Any Management Fee Paid or Similar Payment Made by Any Person or Partnership

Read on from Chapter XX

Chapter XXI

Retention of Moneys in Certain Provident Funds

Read on from Chapter XXI

Chapter XXII

Assessments

Read on from Chapter XXII

Chapter XXIII

Appeals A-Appeals to the Commissioner-General

Read on from Chapter XXIII

Chapter XXIV

Finality of Assessments and Penalty for Incorrect Returns

Read on from Chapter XXIV

Chapter XXV

Tax in Default and Sums Added Thereto

Read on from Chapter XXV

Chapter XXVI

Recovery of Tax

Read on from Chapter XXVI

Chapter XXVII

Miscellaneous

Read on from Chapter XXVII

Chapter XXVIII

Repayment

Read on from Chapter XXVIII

Chapter XXIX

Penalties and Offences

Read on from Chapter XXIX

Chapter XXX

Administration

Read on from Chapter XXX

Chapter XXXI

General

Read on from Chapter XXXI

Chapter XXXII

Interpretation

Read on from Chapter XXXII

Chapter XXXIII

Application of the Inland Revenue Act…

Read on from Chapter XXXIII

Schedules