Inland Revenue Act 2006 · As enacted · Chapter XIX
157. Government institution paying rewards or fines or other person or partnership paying lottery prizes etc. to deduct income tax
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
Notwithstanding anything to the contrary in any other law. where,
any Government institution pays a reward or distributes a share of fine other than any such share of fine paid out of the Consolidated Fund or which will fall under the profits from employment in terms of section 4 of this Act, in relation to any individual who holds any paid office under the Republic of Sri
Lanka, to any person;
any person or partnership pays a lottery prize, winnings from gambling or winnings from betting to any person, such institution, person or partnership, as the case may be, shall deduct at the time of the payment of such reward, share of fine, a lottery prize, winning from gambling or winning from betting, as the case may be, income tax at the rate of ten per centum on such gross payment:
Provided, however, in case of any payment referred to in paragraph (b), the tax shall be deducted only where such payment is not less than five hundred thousand rupees:
Provided further, where any person or partnership pays a lottery prize, winnings from gambling or winnings from betting, other than in cash, such person or partnership shall be liable to pay the relevant amount of income tax on such lottery prize winnings from gambling or winnings from betting, to the Commissioner-General.
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
Chapter XXI
Retention of Moneys in Certain Provident Funds
Chapter XXII
Assessments
Chapter XXIII
Appeals A-Appeals to the Commissioner-General
Chapter XXIV
Finality of Assessments and Penalty for Incorrect Returns
Chapter XXV
Tax in Default and Sums Added Thereto
Chapter XXVI
Recovery of Tax
Chapter XXVII
Miscellaneous
Chapter XXVIII
Repayment
Chapter XXIX
Penalties and Offences
Chapter XXX
Administration
Chapter XXXI
General
Chapter XXXII
Interpretation
Chapter XXXIII