14. Section 187 of the Principal enactment is hereby amended as follows -
| (1) by the insertion, immediately after subsection (2) of that section of the following subsection -
| | "(2A) Where the Board of Investment of Sri Lanka has entered into an agreement with an enterprise under section 17 of the Board of Investment of Sri Lanka Law, No 4 of 1978, prior to April 1, 2000, providing for the exemption of the whole or a part of the profits and income of that enterprise from income tax payable under the Inland Revenue Act, No 28 of 1979, for a specified period, and there remains on March 31, 2000, an unexpired part of such specified period, the whole or part, as the case may be, of the profits and income of that enterprise which, but for the provisions of subsection (1), would have been exempt from income tax shall be exempt from income tax, payable under this Act, for such unexpired part of the specified period " , and | | |
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| (2) by the insertion, immediately alter subsection (3) of that section, of the following subsection
| | "(3A) Where an individual pays, on or after April 1, 2000, to the Government of Sri Lanka or to any institution referred to in paragraph (ee) of subsection (2) of section 31 of the Inland Revenue Act, No. 28 of 1979, any amount -
| | | (a) in the repayment of the capital of any loan ; or |
| (b) as monthly payments of any rent purchase agreement, |
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Sri Lanka Consolidated Acts