12. Amendment of section 84 of the principal enactment

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Section 84 of the principal enactment is hereby amended as follows: -

(1)

in subsection (2) of that section –

(a)

by the re-lettering of that subsection as paragraph (a) of that subsection; and

(b)

by the addition immediately after the re-lettered paragraph (a) of that subsection, of the following new paragraph: -

“(b) With effect from the year of assessment commencing on

April 1, 2026, such Authority shall file a monthly tax return containing such details and, in such manner, as specified by the Commissioner-General within thirty days after the end of each calendar month.”; and

(2)

in subsection (3) of that section –

(a)

by the substitution for the words “This section shall”, of the words and figures

“This section and section 84A shall”;

(b)

in paragraph (e) of that subsection, by the substitution for the words and figure “under section 9.”, of the words and figure “under section 9;”; and

(c)

by the addition immediately after paragraph (e) of that subsection, of the following new paragraph: -

“(f) payment of interest or discount by any financial institution to an individual resident in Sri Lanka, for any year of assessment commencing on or after

April 1, 2025 on any deposit maintained by such individual in such financial institution, if the individual has no taxable income for the year of assessment and provides a self-declaration to the financial institution as specified by the

Commissioner-General.”.

Read on from s 13