23. Amendment of section 78 of principal enactment

Official English translation. The Sinhala text prevails.

Section 78 of the principal enactment as last amended by Act, No.22 of 2011 is hereby further amended in subsection (1) as follows:-

(1)

by the substitution in paragraph (a) of that subsection for the words “and other income; and” , of the words “and other income;”; and

(2)

by the substitution for paragraph (b) of that subsection, of the following paragraphs:-

“(b)

for any year of assessment commencing on or after April 1, 2007, but prior to April 1,

2013, on the excess, if any, of the aggregate of the divisible profits referred to in section 76 and other income over six hundred thousand rupees”; and

(c)

for any year of assessment commencing on or after April 1, 2013, on the excess, if any, of the aggregate of the divisible profits referred to in section 76 and other income over one million rupees,”.

Read on from s 24