Sri Lanka Consolidated Acts

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Bank Debits Tax (Amendment) Law (No. 32 of 1975) - Sect 4

Replacement of section 15 of the principal enactment

4.Section 15 of the principal enactment is hereby repealed and the following new section substituted therefor:
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 a Deputy Governor of the Central Bank of Ceylon to the Deputy Secretary to the Treasury within seventy-four days after the end of the three calendar months to which such certificate relates. ". 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 a Deputy Governor of the Central Bank of Ceylon to the Deputy Secretary to the Treasury within seventy-four days after the end of the three calendar months to which such certificate relates. ".


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