Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 27 of 1982) - Sect 2

Amendment of section 8 of Act No. 28 of 1979

2. Section 8 of the Inland Revenue Act, No. 28 of 1979 (hereinafter referred to as the "principal enactment") is hereby amended in paragraph (a) of that section, as follows:
(1) by the substitution, in sub-paragraph (xxii) of that paragraph, for the words " Development Corporation ", of the words " Development Finance Corporation " ; and
(2) by the addition, at the end of that paragraph of the following sub-paragraphs :
" (xxxv) the Sri Lanka Export Credit Insurance Corporation established by the Sri Lanka Export Credit Insurance Corporation Act, No. 15 of 1978 ;
(xxxvi) the Sri Lanka Export Development Board established under the Sri Lanka Export Development Act, No. 40 of 1979;
(xxxvii) the Sri Lanka Ex-Servicemen's Association established "by the Sri Lanka Ex-Servicemen's Association Law, No. 8 of 1976 ;
(xxxviii) a company registered under Part VIII of the Companies Act, No. 17 of 1982, being profits and income arising to such company from a ship which is
(i) engaged in international operations ;
(ii) owned or chartered by such company; and
(iii) deemed to be a Ceylon ship by reason of a determination made under paragraph (c) of section 30 of the Merchant Shipping Act. No. 52 of 1971, (other than profits and income arising to such company from the carriage, by that ship, of passengers, mails, livestock and goods, to or from, a port in Sri Lanka) ;
(xxxix) the Institute of Fundamental Studies, Sri Lanka, established by the Institute of Fundamental Studies, Sri Lanka, Act, No. 55 of 1981;
(XL) the International Winged Bean (Dambala) Institute established by the International Winged Bean (Dambala) Institute Act, No. 7 of 1982 ;".


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