18. Amendment of the First Schedule to the principal enactment

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

The First Schedule to the principal enactment is hereby amended as follows: -

(1)

in subparagraph (1) of paragraph 4 of that Schedule, by the substitution for the words and figures

“subparagraphs (2), (2A) and (3),”, of the words and figures “subparagraphs (2), (2A), (2B) and (3),”;

(2)

in item (d)(iii) of subparagraph (1) of paragraph 10

of that Schedule, by the substitution for the words

“exceeds or is equal to”, of the word “exceeds,”;

and

(3)

by the addition immediately after paragraph 12 of that Schedule, of the following new paragraph: -

“13. Tax rate for dividends

Notwithstanding the provisions in other paragraphs of this Schedule, where a person’s taxable income includes gains and profits from dividends for the second six months of the year of assessment commencing on April 1, 2022, such gains and profits shall be taxed at the rate of 15%.”.

Read on from s 19