Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAmendment of section 45 of the principal enactment. [ 19, 13 of 1959.]
| 24. Section 45 of the principal enactment is hereby amended, in subsection (2) of that section, by the substitution, for all the words from "deduct tax" to " resident company ; ", of the following : - ' deduct tax on such sum at a rate (hereafter in this section referred to as the " appropriate rate ") which shall, in respect of any year of assessment commencing before April 1, 1959, be equal to the rate at which tax was in the preceding year of assessment chargeable upon the taxable income of a resident company, and, in respect of any year of assessment commencing on or after April 1, 1959, be equal to the percentage specified in sub-section (1) of section 57d for the preceding year of assessment;'. 448 |