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As enacted
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31. Amendment of section 131 of the principal enactment

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

Section 131 of the principal enactment amended by

Act, No. 8 of 2001 is hereby further amended in subsection (2) of that section as follows :—

(1)

in paragraph (b) of the definition of “specified fee”, by the substitution for the words and figures “to any

Inland Revenue (Amendment)

year of assessment commencing on or after April 1,

2001”, of the words and figures “to the year of assessment commencing on April 1, 2001”.

(2)

by the addition at the end of that subsection of the following :—

(c)

in relation to any year of assessment commencing on or after April 1, 2002, means any sum or sums aggregating to not less than—

(i)

fifty thousand rupees per month ; and

(ii)

five hundred thousand rupees a year in any other case, payable by any specified person in that year of assessment to any person or partnership in consideration of services rendered by that person or partnership as the case may be, in the course of any business, profession, vocation or other activities of an independent character carried on or exercised by that person or partnership, as the case may be, and includes any commission, brokerage or other sums of like nature payable by such specified person, but does not include any sum payable by such specified person to any employee of such specified person in the course of employment under such specified person or any rent or other payment payable for the use or occupation of any specified land or building as defined in subsection (2) of section 131B.”.

Read on from s 32