4. Amendment of section 8 of the principal enactment

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

Section 8 of the principal enactment as amended by

Act No. 8 of 2001 is hereby further amended in paragraph (a) of that section as follows :—

(1)

in subparagraph (lxxiv) of that paragraph by the substitution for the words “Investment Bank.”, of the words “Investment Bank :”.

(2)

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

“Provided however that except in the case of a body of persons referred to in subparagraphs (ix), (xi), (xv), (xvii), (xx), (xxi), (xxxix), (li), (liv), (lxiv), (lxv), (lxvi), (lxxii), (lxxiii) and (lxxiv), the exemption from income tax, of the 2—H 015364—11,200 (05/2002)

Inland Revenue (Amendment)

profits and income of any other body of persons referred to in this paragraph shall not extend to any such profits and income of that body of persons as consists of dividends or interest, in respect of which tax has been deducted under subsection (1A) of section 61 or section 122A respectively.”.

Read on from s 5