49. Amendment of section 217 of the principal enactment

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

Section 217 of the principal enactment as last amended by Act, No. 19 of 2009 is hereby further amended as follows :-

(1)

in the definition of the expression “charitable purpose”:-

(a)

by the substitution in paragraph (b) for the words “education or knowledge;”, of the words “education or knowledge other than by any institution established for business purposes or by any institution established under the Companies Act:”;

(b)

by the addition immediately after paragraph (b), of the following paragraph :-

“(bb)

activities for the protection of the environment or eco-friendly activities”;

(2)

by the insertion, immediately after the definition of the expression “taxable income”, of the following new definition :-

“Tax Appeals Commission” means the

Tax appeals Commission established by the Tax Appeals Commission Act, No. 23

of 2011;”.

Read on from s 50