30. Amendment of section 65 of the principal enactment

Official English translation. The Sinhala text prevails.

Section 65 of the principal enactment as amended by Act, No. 10 of 2007 is hereby further amended as follows:—

(1)

in subsection (1) of that section, by the insertion immediately after paragraph (b) of that subsection, of the following new paragraphs:—

“(c)

the Api Wenuwen Api Fund established by the Api Wenuwen Api Fund Act, No. 6 of 2008;

(d)

any registered society referred to in paragraph (h) of section 7, during the period referred to in that paragraph;

(e)

any person who is exempt from income tax under section 10 in respect of any dividend received by such person as referred to in that section,”;

Act, No. 9 of 2008

(2)

by the addition immediately after subsection (3) of that section, of the following new subsection:—

“(4) The excess of the aggregate of the deductions made by any resident company under subsection (1), over the tax payable by such company under sub-paragraph (i) of paragraph (b) of subsection (1)

of section 61, shall be remitted to the Commissioner-General within a period of thirty days from the date on which the gross dividend referred to in that subsection, is paid.”.

Read on from s 31