Inland Revenue (Amendment) Act (No. 56 of 1985)

Sri Lanka Consolidated Acts

Replacement of section 50 of the principal enactment

9. Section 50 of the principal enactment is hereby repealed and the following section substituted therefor:"

50. The wealth tax payable by any person-

	(a) for the year of assessment commencing on April 1, 1979 or any of the six years of assessment immediately succeeding that year of assessment, shall not exceed eighty per centum;

	(b) for any year of assessment commencing on or after April 1, 1933, shall not exceed sixty per centum,