16. The Third Schedule to the principal enactment is hereby amended as follows:-
| (1) by the substitution, for item 2 of that Schedule, of the following item:- "2 Charitable institutions: On the taxable income of charitable institutions- (i) for any years of assessment ending on or before March 31, 1989 .........20 per centum. (ii) for any year of assessment commencing on or after April 1, 1989 ..........10 per centum. |
|
| (2) by the repeal of item 12 of that Schedule, and the substitution therefor, of the following items:-
| | "12. Employees Trust Fund and Provident or Pension Funds- On the taxable income for any year of assessment commencing on or after April 1, 1989 ...........10 per centum. | | |
| | 13. Persons ( other than those referred to above and in the First and Second Schedules) .............20 per centum. | | |
|
|
|
Sri Lanka Consolidated Acts