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As enacted
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Contents

Part II

179. Late payment

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

(1)

A person who fails to pay all or part of a tax due for a tax period within fourteen days of the due date, or by the due date specified in the notice of assessment, if later, shall be liable to a penalty equal to twenty per cent of the amount of tax due but not paid.

(2)

A person who fails to pay all or part of an instalment required under this Act within fourteen days of the due date for the instalment shall be liable to a penalty equal to ten per cent of the amount of tax due but not paid.

(3)

Where an extension is granted under section 151, a person shall not be liable to a penalty under subsection (1)

unless the extension period expires without payment having been made.

Read on from s 180

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