38. Amendment of the Third Schedule to the principal enactment

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

The Third Schedule to the principal enactment is hereby amended as follows: -

(1)

by the repeal of sub-paragraph (iv) of paragraph (a) of that Schedule and the substitution therefor, of the following sub-paragraph: -

“(iv) A. any Government assisted private school other than that incorporated under the Companies Act, No. 07

of 2007 which is registered with the

Ministry of Education and mandated to follow the circulars issued by the

Government and the Ministry of

Education;

B. for the purposes of this sub-paragraph, a

“Government assisted private school” means, a private school that regularly receives assistance from the Government, whether in the form of monetary support or of essential goods required for its functioning;”;

(2)

in sub-paragraph (ii) of paragraph (i) of that

Schedule, by the substitution for the words “by such person;”, of the words “by such person, subject to the conditions that the loan amount is remitted to Sri Lanka in foreign currency through a bank, and the loan proceeds are used within Sri Lanka;”;

(3)

in paragraph (s) of that Schedule, by the substitution for the word and figures “section 84.”, of the words and figures “section 84, to the extent that each amount derived by each such person is shown in the monthly tax return submitted by the National Gem and Jewellery

Authority established by the National Gem and

Jewellery Authority Act, No. 50 of 1993.”;

(4)

by the insertion immediately after paragraph (tt) of that Schedule, of the following new paragraph: -

“(ttt) any amount derived on or after

April 1, 2025, by any non-resident person as any payment for air craft, software licences or as for other related services from the Sri Lanka

Air Force;”; and

(5)

in paragraph (x) of that Schedule, by the substitution for the words “up to the extent provided for in that Act, for each year of assessment.”, of the words “subject to the provisions of that Act, and any regulations made thereunder.”.

Read on from s 39