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Contents

Part II

157. Interest on under payments

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

(1)

If an amount of tax is not paid by the due date, the taxpayer shall be liable for interest on the amount for the period from the due date (determined without having regard to an extension of time) under section 151 to the date the tax is paid.

(2)

In the case of tax due under a revised assessment, the due date for the calculation of interest shall be the original due date of the tax.