14. Amendment of the First Schedule to the principal enactment

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

The First Schedule to the principal enactment as last amended by Act No. 24 of 1997, is hereby further amended in

Part IV of that Schedule as follows :––

(a)

in paragraph (d) of that Part by the substitution for the words and figures “for any year of assessment commencing on or after April 1, 1997”, of the words and figures

“for any year of assessment commencing on or after April 1,

1997 but prior to April 1, 1999.”;

Inland Revenue (Amendment)

(b)

by the addition, immediately after paragraph (d) of that

Part, of the following paragraph :––

“(e)

for any year of assessment commencing on or after April 1, 1999––

On the first Rs. 500,000

Nil

On the next Rs. 150,000 5 per centum

On the next Rs. 150,000 10 per centum

On the balance 15 per centum.”.

Read on from s 15