Sri Lanka Consolidated Acts

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Institute of Policy Studies of Sri Lanka Act (No. 53 of 1988) - Sect 19

Exemption from taxes

19.
(1) The Institute shall be exempt from the payment of any rates imposed by any local authority,
(2) The Minister may in consultation with the minister in charge of the subject of the finance waive any charges leviable on an import license for goods imported by the Institute.
(3) From and after the inclusion of the Institute under Paragraph (c) of subsection (2) of section 31 of the Inland Revenue Act, No. 28 of 1979, a person shall, subject to the other provisions of that Act, be entitled to the relief specified in that section in respect of donations made by him, in money, to the Institute.
(4) From and after the inclusion of the Institute under sections 8 and 42 respectively of the Inland Revenue Act, No. 28 of 1979, the profits and income of the Institute shall be exempt from income tax and the Institute shall be exempt from the payment of wealth tax.
(5) From and after the inclusion of the Institute under section 9 of the Inland Revenue Act, No. 28 of 1979, the emoluments of every officer and servant of the Institute shall be exempt from income tax,


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