Sri Lanka Consolidated Acts

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Inland Revenue Act (No. 28 of 1979) - Sect 42

Persons to whom this Chapter shall not apply

42. Nothing in this Chapter shall apply to -
(a) any public corporation;
(b) any local authority ;
(c) any company, other than any non-resident company having immovable property in Sri Lanka;
(d) any individual referred to in paragraphs (c), (d), (e) or (f) of section 9, as long as such individual is exempt from income tax under that section;
(e) any body of persons to which section 90 applies;
(f) any institution or trust of a public character established by or under any written law solely for the purposes of scientific research ;
(g) any co-operative society registered or deemed to be registered under any law for the time being in force relating to the registration of co-operative societies ;
(h) any institution whose primary business is the business of a bank :
(i) the Incorporated Council of Legal Education ;
(j) the Widows' and Orphans' Pension Fund of public officers of Sri Lanka established by the Widows' and Orphans' Pension Fund Ordinance;
(k) the Widows' and Orphans' Pension Fund or Scheme established for the Local Government Service ;
(l) the Employees' Provident Fund established by the Employees' Provident Fund Act, No. 15 of 1958 ;
(m) the Lady Lochore Loan Fund constituted under the Lady Lochore Loan Fund (Board of Trustees) Act;
(n) the Public Service Mutual Provident Association established by the Public Sendee Mutual Provident Association Ordinance ;
(o) the Ceylon Railway Benefit Association established under the Ceylon Railway Benefit Association Ordinance :
(p) the Government Officers' Benefit Association ;
(q) the United Nations Organization ;
(r) the World Tourism Organization ;
(s) the Government Surveyors' Association incorporated by the Government Surveyors Association Ordinance ;
(t) any person who was exempt from wealth tax by Order made under paragraph (av) of section 28 of the Inland Revenue Act, No. 4 of 1963 ; and
(u) any other prescribed person, being a person similar in character to any person referred to in the preceding paragraphs of this section.


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