29. Amendment of section 113 of the principal enactment

Section 113 of the principal enactment is hereby amended by the repeal of subsection (3) of that section and the substitution therefor of the following subsection :—

“(3)

Notwithstanding anything contained in sub section (1) and subsection (2) of this section, the entirety of the tax payable :—

(i)

by any company not resident in Sri Lanka, under paragraph (b) of subsection (1) of section 62 in respect of remittances made by such company, shall be paid on or before the thirtieth day succeeding the date of distribution of such dividends or making such remittances, as the case may be;

by any company resident in Sri Lanka, under sub-paragraph (ii) of paragraph ((b) of subsection (1) of section 61, shall be paid on or before the fifteenth day of May of the year of assessment immediately succeeding the year of assessment for which such tax is payable.”.