8. Amendment of section 26 of the principal enactment

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

Section 26 of the principal enactment as last amended by Act, No. 8 of 2014 is hereby further amended in subsection (1) of that section as follows:-

(1)

in paragraph (l) of that subsection:-

(a)

by the substitution for the words and figures in sub-paragraph (v) of that paragraph “the Value Added Tax Act,

No. 14 of 2002; or” of the words and figures

“the Value Added Tax Act, No. 14 of 2002

and any Nation Building Tax on Financial

Services within the provisions of the Nation

Building Tax Act, No. 9 of 2009; or”;

(b)

by the substitution in sub-paragraph (vii)

of that paragraph for the words and figures

“Act, No. 12 of 2013;”, of the words and figures “ Act, No. 12 of 2013; or”; and

(c)

by the insertion immediately after sub-paragraph (vii) of that paragraph, of the following new sub-paragraph:-

“(viii)

Super Gain Tax, Bars and Taverns

Levy, Casino Industry Levy, Mobile

Telephone Operator Levy, Satellite

Location Levy, Dedicated Sports

Channel Levy and Mansion Tax imposed and levied under the provisions of the Finance Act,

No. 10 of 2015,”; and

(2)

by the repeal of paragraph (m) of that subsection and substitution therefor, of the following new paragraph:-

“(m)

any ground rent or royalty payable for any period prior to April 1, 2014 and paid after

April 1, 2014 which is deductible under paragraph (a) of subsection (5) of section 32 or annuity paid by such person;”.