Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 6 of 1969) - Sect 12

Amendment of section 28 of the principal Act

12. Section 28 of the principal Act is hereby amended as follows:-
(1) in paragraph (c) of that section, by the substitution, for all the words from "in so far as the first three years" to the end of that paragraph, of the following: -
(2) by the insertion, immediately after paragraph (c), of the following paragraph: -
"(cc) any scientist, technician, expert or adviser who is not a citizen of Ceylon and who is brought to and employed in Ceylon on or after April 1, 1968, by the proprietor of any such industrial undertaking as is referred to in para- graph (ggg) of sub-section (1) of section 5, but so however that the exemption from wealth tax granted to such scientist, technician, expert or adviser by this paragraph shall end on the date on which his employment in such industrial undertaking ceases or on the date on which the exemption from income tax granted by section 6 in respect of that industrial under- taking ends, whichever is the earlier;"; and
(3) by the substitution, for paragraph (i) of that section, of the following paragraph:-
" (i) any University which is established or deemed to be established under the Higher Education Act, No. 20 of 1966; ".


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