Sri Lanka Consolidated Acts

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Bank Debits Tax Act (No. 27 of 1970) - Sect 15

Certificate relating to total amount of debits &c, to be sent to the Deputy Secretary to the Treasury every three months

15. After the end of every three calendar months an officer of the Central Bank of Ceylon authorized in that behalf by the Governor of such Bank shall, in respect of each commercial bank, in writing certify to such Governor the total amount of such debits made during those months against the current accounts in that commercial bank as are subject to the tax, the total amount of the tax payable on those debits, the amount remitted by that commercial bank in payment of the tax, the amount retained by that commercial bank as its fee for collecting and remitting the tax, and the amount of the tax if any, that has not been collected. Such certificate shall be transmitted by such Governor to the Deputy Secretary to the Treasury within forty-four days after the end of the three calendar months to which such certificate relates: Provided that in respect of every outstation branch of the Bank of Ceylon and of the People's Bank, such certificate shall be under the hand of the manager of such branch, and such manager shall send such certificate, together with a copy thereof, to the said Governor before the expiry of thirty days after the end of the three calendar months to which such certificate relates. In this section, " outstation branch " means a branch situated in Ceylon and outside the area within the administrative limits of the Colombo Municipal Council.


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