13. The Second Schedule to the principal enactment is hereby amended as follows:
| (1) in Part II of that Schedule, by the substitution, for the words and figures " April 1,1979.", of the words and figures " April 1, 1979, but ending on or before March 31, 1988."; |
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| (2) in Part III of that Schedule, by the substitution, for the words and figures " April 1, 1979 ", of the words and figures "April 1, 1979, but ending on or before March 31, 1988,"; |
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| (3) by the substitution, in paragraph (b) of Part IV of that Schedule for the word and figures " April 1, 1982 ", of the words and figures " April 1,1982, but ending on or before March 31, 1988 " ; and |
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| (4) by the insertion, immediately after Part IV of that Schedule, of the following new Part: |
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| The rate of income tax for every year of assessment commencing on or after April 1, 1988 |
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| (1) if the taxable income of the company does not exceed two hundred and fifty thousand rupees 33 1/3, |
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| (2) if the taxable income of the company exceeds two hundred and fifty thousand rupees but does not exceed three hundred and thirty-three thousand three hundred and thirty-three rupees, the tax shall be the aggregate of
| | (i) a sum equal to 33 1/3 per centum of two hundred and fifty thousand rupees, and
| | | (ii) the amount by which the taxable income of the company for that year of assessment exceeds two hundred and fifty thousand rupees.'". |
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Sri Lanka Consolidated Acts