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32. Amendment of section 95 of the principal enactment

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

Section 95 of the principal enactment is hereby amended in the proviso to subsection (1) of that section, as follows:—

(1)

in paragraph (a) of that proviso, by the substitution for the words “and chargeable as aforesaid; and”, of the words “and chargeable as aforesaid;”; and

(2)

by the insertion immediately after paragraph (a) of that proviso of the following new paragraph:—

“(aa)

the deduction of tax under this section from interest on any corporate debt security referred to in paragraph (g) of subsection

Act, No. 9 of 2008

(3)

of section 32 and paid or credited on or after April 1, 2008, shall, notwithstanding anything to the contrary in any other provision of this Act, be at the rate of ten per centum; and”.