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| Tax Reserve Certificates(Amendment) |
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AN ACT TO AMEND THE TAX RESERVE CERTIFICATES ACT, No. 22 OF 1957.
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BE it enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka as follows:
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[27th February
, 1981 ]
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Short title.
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1. This Act may be cited as the Tax Reserve Certificates (Amendment) Act, No. 12 of 1981.
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Replacement of section 5 of Act No. 22 of 1957.
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2. The Tax Reserve Certificates Act, No. 22 of 1957, is hereby amended by the repeal of section 5 of that Act and the substitution therefor of the following section:
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” Surrender of certificates in payment of Income tax, personal tax, profits tax, wealth tax, gifts tax or estate duty.
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5. A certificate holder shall be entitled to surrender the certificate to the Commissioner-General of Inland Revenue in payment or part payment, with the surrender value of the certificate under section 6, of any sum that may be due from the certificate holder as income tax, personal tax, profits tax, wealth tax, gifts tax or estate duty (hereinafter in this Act sometimes referred to as the tax).”,
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