Inland Revenue (Amendment) Act 2026 · As enacted
30. Insertion of new section 178A in the principal enactment
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
The following new section is hereby inserted immediately after section 178 of the principal enactment, and shall have effect as section 178A of that enactment: -
178A. (1) A withholding agent who fails to comply with the requirements specified under subsection (9) of section 86, shall subject to subsection (2), be liable to a penalty of a sum not exceeding two hundred thousand rupees for a year of assessment.
“Non compliance by withholding agents and individuals
“Service of summons and notices
(a) Prior to assessing the penalty under subsection (1), the Commissioner-General shall issue a notice of warning.
No penalty shall be imposed under subsection (1), where the withholding agent complies with the notice of warning issued under paragraph (a) within fourteen days from the date of service of the notice.
An individual who provides a self-declaration under paragraph (f) of subsection (3) of section 84, with false or misleading particulars, shall subject to subsection (4), be liable to a penalty of a sum not exceeding two hundred thousand rupees.
Prior to assessing the penalty under subsection (3), the Commissioner-General shall issue a notice to the individual with details of false and misleading particulars contained in the self-declaration provided by such individual.
An individual who is subjected to a penalty under subsection (3) shall not be entitled to submit a self-declaration in lieu of the declaration on which a notice has been issued under subsection (4).”.