Skip to content
srilawsby aturio
As enacted
EnglishSinhala සිංහල, official PDF on documents.gov.lkTamil தமிழ், official PDF on documents.gov.lk
Contents

16. Amendment of section 24 of the principal enactment

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

Section 24 of the principal enactment is hereby as follows :—

(1)

in subsection (1) of that section, by the substitution for the words from “shall be exempt from income tax” to the end of that subsection, of the words “shall be exempt from income tax for a period of three years commencing from the year of assessment in which such business commences to make profits from transactions entered into in that year of assessment or from the commencement of the year of assessment immediately succeeding the year of assessment in which such business completes a period of two years reckoned from the date on which the business commences to carry on commercial operations, whichever earlier.”; and

(2)

by the repeal of subsection (2) of that section and the substitution therefor of the following subsection:—

“(2)

The provisions of subsection (1)

shall apply in respect of any business of providing accommodation to tourists in

Manor Houses or Thematic Bungalows, carried on by a person registered on or after

April 1, 2003 with the Ceylon Tourist Board and for a period of ten years from the date of such registration.”.

Act, No. 9 of 2008

Read on from s 17