12. Amendment of section 25 of the principal enactment

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

Section 25 of the principal enactment as last amended by Act, No. 18 of 2013 is hereby further amended in subsection (1) of that section as follows:-

(1)

by the substitution in paragraph (u) of that subsection, for the words “to the Government.”, of the words “to the Government;”; and

(2)

by the addition immediately after paragraph (u) of that subsection, of the following new paragraphs:-

“(v)

the cost of acquisition of any internationally recognized intellectual property used for producing such profits and income;

(w)

any royalty or ground rent paid by such person.”.