12. Amendment of section 131 of the principal enactment

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

Section 131 of the principal enactment is hereby amended by the repeal of subsection (2) of that section, and the substitution therefor, of the following subsection :—

‘(2) For the purposes of subsection (1)—

“ specified person”—

(a)

in relation to the year of assessment commencing on April 1, 2000 means any person, partnership or body of persons, who or which either on his or it’s own behalf or on behalf of any other person or persons or partnership or partnerships is likely to pay or to credit in that year of assessment or has paid or credited in the year of assessment immediately preceding that year of assessment—

(i)

a specified fee of, or specified fees aggregating to, not less than thirty thousand rupees to any other person or to any other partnership ; or

(ii)

specified fees aggregating to not less than two hundred and fifty thousand rupees ; and

(b)

in relation to any year of assessment commencing on or after April 1, 2001, means any person, partnership or body of persons, who or which either on his or it’s own behalf or on behalf of any other person or persons or partnership or partnerships is likely to pay or to credit in that year of assessment or has paid or credited in the year of assessment immediately preceding that year of assessment, specified fees aggregating to not less than one million rupees ; and

“specified fee”—

(a)

in relation to the year of assessment commencing on April 1, 2000 means any sum payable by any specified person in consideration for services rendered by any person or by any partnership, as the case may be, in the course of any business, profession, vocation or other activities of an independent character carried on or exercised by such person or any partner of such partnership, as the case may be, and includes any commission, brokerage or other sums of a like nature payable by such specified person but does not include any sum payable by such specified person to any employee of such specified person in the course of employment under such specified person ; and

(b)

in relation to any year of assessment commencing on or after April 1, 2001

means any sum or sums aggregating to not less than one hundred and fifty thousand rupees payable by any specified person in that year to any person or partnership, in consideration for services rendered by that person or partnership, as the case may be, in the course of any business, profession or vocation or other activities of an independent character carried on or exercised by that person or any partnership, as the case may be, and includes any commission, brokerage or other sums of a like nature payable by such specified person but does not include any sum payable by such specified person to any employee of such specified person in the course of employment under such specified person.’.

Read on from s 13