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As enacted

8. Regulations

Official English translation. The Sinhala text prevails.

(1)

The Minister may make regulations in respect of all matters which are required by this Act to be prescribed or in respect of which regulations are required or authorized to be made under this Act to give effect to the principles and provisions of this Act.

Inland Revenue (Special Provisions)

(2)

Every regulation made by the Minister shall be published in the Gazette and shall come into operation on the date of publication, or on such later date as may be specified therein.

(3)

Every regulation made by the Minister shall, as soon as convenient after its publication in the Gazette, be placed before Parliament for approval. Every regulation which is not so approved shall be deemed to be rescined as from the date of such disapproval, but without prejudice to anything previously done thereunder.

(4)

Notification of the date on which any regulation is deemed to be so rescinded shall be published in the Gazette.