36. Amendment of section 212 of the principal enactment

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

Section 212 of the principal enactment as last amended by the Act, No. 8 of 2014 is hereby further amended in subsection (2) of that section as follows:-

(1)

by the substitution in the paragraph (e) of that subsection for the words “Sri Lanka are changed.”, of the words “Sri Lanka are changed;”; and

(2)

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

“(f)

guidelines for the calculation of qualifying payment relating to cost of acquisition or merger of any bank, financial institution or leasing company and the continuation of tax neutral position after acquisition, merger or amalgamation, as the case may be, for the purpose of this Act and other

Acts administered by the Commissioner-General.;

(g)

rules and guidelines for the implementation of the use of electronic communication or electronic records with regard to the Acts administered by the Commissioner-General from time to time as required.”.

Read on from s 37