99. Inland Revenue Incentive Fund

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

(1)

The Minister in charge of the subject of Finance shall establish the Inland Revenue Incentive Fund

(hereinafter referred to as the “Fund”).

(2)

There shall be paid into the Fund in respect of each year, such sums as may be appropriated annually by

Parliament for the purpose of the Fund.

(3)

There shall be paid out of the Fund –

(a)

all sums required for the welfare of officers of the Department, in accordance with any scheme approved by the Minister; and

(b)

group incentive allowances to any class or category of officers of the Department, in accordance with such scheme as may be approved by the Minister, to ensure efficiency in the administration of any Act administered by the Commissioner-General.

(4)

The Commissioner General or any tax official specially authorised by him in that behalf, shall administer the Fund in accordance with the procedure prescribed by the regulations.

Read on from s 100

99. Inland Revenue Incentive Fund

Schedules