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srilawsby aturio
As enacted
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9. Insertion of new section 16E in the principal enactment

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

The following new section is hereby inserted immediately after section 16D of the principal enactment and shall have effect as section 16E of that enactment :-

16E. The profits and income within the meaning of paragraph (a) of section 3 (other than any profits and income from the disposal of any capital asset) of any person or partnership-

(i)

from any undertaking of cultivating any renewable energy crop in Sri

Lanka, for a period of ten years;

(ii)

from all transactions connected with manufacturing, distribution and marketing of organic fertilizers, commencing on or after April 1, 2013, shall be exempt from income tax.”.

“Exemption of profits and income from cultivation of any renewable energy crops and transactions connected with manufacturing, distribution and marketing of organic fertilizer.

Read on from s 10