Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

National Security Levy (Amendment) Act (No. 36 of 1996) - Sect 4

Amendment of section 4 of the principal enactment

4. Section 4 of the principal enactment is hereby amended by the repeal of paragraph (f) of that section and the substitution of the following paragraphs therefor :-
"(f) for every quarter commencing on or after January 1, 1996, but prior to January 1, 1997-
(i) an amount equivalent to-
(A) four and one half per centum of the turnover of that person, not being turnover referred to in item (B) of this sub paragraph ; and
(B) two per centum of the turnover of that person arising from the import or manufacture of any plant, machinery or equipment, not being any motor car, motor coach or lorry within the meaning of the Motor Traffic Act (Chapter 203)
(ii) an amount equivalent to -
(A) four and one half per centum of the turnover of that person, not being turnover referred to in item (B) of this sub paragraph ; and
(B) two per centum of the turnover of that person arising from the import or manufacture of any plant, machinery or equipment, not being any motorcar, motor coach or lorry within the meaning of the Motor Traffic Act (Chapter 203;)
(iii) the amount of the levy payable by such person for that quarter reduced by the aggregate of the amounts paid by him in accordance with the provisions of subparagraph(i) and subparagraph (ii) of this paragraph, on or before the fifteenth day of the month immediately succeeding the end of that quarter ; and
(g) for every quarter commencing on or after January 1, 1997 but prior to January 1, 1998-
(i) an amount equivalent to-
(A) four and one half per centum of the turnover of that person, not being turnover referred to in item (B) of this subparagraph ; and
(B) one half per centum of the turnover of that person arising from the import or manufacture of any plant, machinery or equipment, not being any motor car, motor coach or lorry within the meaning of the Motor Traffic Act (Chapter 203)
(ii) an amount equivalent to-
(A) four and one half per centum of the turnover of that person, not being turnover referred to in item (B) of this subparagraph ; and
(B) one half per centum of the turnover of that person arising from the import or manufacture of any plant, machinery or equipment, not being any motor car, motor coach or lorry within the meaning of the Motor Traffic Act (Chapter 203)
(iii) the amount of the levy payable by such person for that quarter reduced by the aggregate of the amounts paid by him in accordance with the provisions of subparagraph (i) and subparagraph (ii) of this paragraph, on or before the fifteenth day of the month immediately succeeding the end of that quarter.".


[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]