12. Amendment of section 66 of the principal enactment

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

Section 66 of the principal enactment is hereby amended as follows:-

(1)

by the renumbering of that section as subsection (1) of that section;

“Use of secured point of sales machines

Act, No. 14 of 2026

(2)

in the renumbered subsection (1) of that section by the substitution for all the words from “to attempt to evade “ to the end of that subsection, of the words “ to attempt to evade tax or willfully and fraudulently claims or attempt to claim a refund or assists any other person to willfully and fraudulently claim or attempt to claim a refund for which the person is not entitled, shall be guilty of an offence under this Act, and shall be liable, after summary trial before a Magistrate, to a fine of a sum or an imprisonment or both as specified in subsection (2) or subsection (3), as the case may be.”; and

(3)

by the addition immediately after the renumbered subsection (1) of that section, of the following new subsections: -

“(2) For any period prior to October 1, 2025-

(a)

a sum equal to twice the amount of tax so evaded or attempted to be evaded for which he is liable under this Act for the taxable period in respect of which the offence was committed; and

(b)

a sum not exceeding twenty five thousand rupees or to imprisonment of either description for a term not exceeding six months or to both such fine and imprisonment.

(3)

For any period commencing on or after

October 1, 2025-

(a)

a sum equal to twice the amount of tax so evaded or attempted

Act, No. 14 of 2026

to be evaded for which he is liable under this Act or obtains or attempt to obtain a refund by fraud, misrepresentation, or by providing false or misleading information or documents, or by the concealment of any material fact for the taxable period in respect of which the offence was committed; and

(b)

a sum not exceeding one million rupees or to imprisonment of either description for a term not exceeding six months or to both such fine and imprisonment.”.

Read on from s 13