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srilawsby aturio
As enacted
EnglishSinhala සිංහල, official PDF on documents.gov.lkTamil தமிழ், official PDF on documents.gov.lk
Contents

Part I

20. Change in the year of assessment

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

(1)

The year of assessment means the period of twelve months commencing on the first day of April of any year and ending on the thirty first day of March in the immediately succeeding year.

(2)

A trust or company may apply to the Commissioner-General for a change to its year of assessment and the

Commissioner-General may, on such terms and conditions as the Commissioner-General thinks fit, approve the change.

The Commissioner-General may revoke an approval if a trust or company fails to comply with a term or condition attached to the approval.

(3)

A change in a trust or company’s year of assessment shall result in altering the time at which the trust or company shall pay tax by instalments and on assessment under

Chapter VIII.

Read on from s 21

Part II

Read on from Part II

Schedules