48. Amendment of section 118 of the principal enactment

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

Section 118 of the principal enactment is hereby amended as follows :–

(1)

in paragraph (ii) of the proviso to that section, by the substitution for the words “tax in default.”, of the words “tax in default ; ” ;

(2)

by the addition at the end of that proviso of the following new paragraph :–

“(iii)

where any penalty is payable as at November 6, 2002 –

(A)

such penalty shall be waived where the tax in default in respect of which the penalty is payable has been paid on or before such date ;

(B)

where a portion of such tax in default has been paid on or before such date the portion of the penalty as is attributable to the amount of tax that has been paid shall be waived.

Read on from s 49