2.
| (1) The House of Representatives may, by resolution, impose a tax on the proceeds of every prize competition other than a school magazine competition. Such tax may be at different rates in respect of prize competitions of different descriptions. |
|
| (2) Any sum payable under this Act as tax in respect of any prize competition shall be paid by the promoter of such competition to a kachcheri within a period of thirty days reckoned from the date of the closure of entries in such competition. |
|
| (3) If the promoter of any prize competition makes default in the payment of any sum which he is liable to pay as tax under this Act in respect of such competition, such sum may be recovered in like manner as though it were a debt due from him to the Crown. |
|
|
Sri Lanka Consolidated Acts