Inland Revenue (Amendment) Act 2003 · As enacted
2. Amendment of section 10 of Act…
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
Section 10 of the Inland Revenue Act, No. 38 of 2000
amended by Act, No. 10 of 2002 (hereinafter referred to as the “principal enactment”) is hereby further amended by the insertion, immediately after paragraph (eee) of that section of the following paragraph :—
“(eeee)
the interest arising or accuring to any person, (other than a body corporate, or any other person or partnership to whom or to which such interest is arising or accuring as business income,) on any secondary market transaction in dealing with any
Security or Treasury Bond issued under the
Registered Stocks and Securities Ordinance
(Chapter 420), or Treasury Bill issued under the
Local Treasury Bills Ordinance (Chapter 417), or Central Bank Security issued under the
Monetary Law Act (Chapter 422) on or after April 1, 2002 :
For the purposes of this paragraph secondary market transaction includes a sale of a security, repurchase or reverse repurchase of a security after the original issue of such security ; ”.