Inland Revenue (Amendment) Act 2021 · As enacted
15. Amendment of section 53 of the principal enactment
Official English translation. The Sinhala text prevails.
Official translationFrom Department of Government Printing, unchanged
Section 53 of the principal enactment is hereby amended as follows: -
in subsection (1) of that section, by the substitution for the words “a partnership”, of the words and figures “prior to January 1, 2020, a partnership”;
by the insertion immediately after subsection (1) of that section, of the following new subsection: -
“(1A) Every partnership shall be liable to pay income tax with effect from January 1, 2020 at the rate provided for in paragraph 2 of the First Schedule to this Act, separately from its partners.”;
in subsection (9) of that section, by the substitution for the words “The precedent partner”, of the words and figures “Prior to January 1, 2020, the precedent partner”;
by the addition immediately after subsection (9) of that section, of the following new subsection: -
“(10) Each partner in a partnership shall be responsible for performing any duty or obligation
Act, No. 10 of 2021
imposed by this Act on the partnership in relation to its income tax payable.”.