Sri Lanka Consolidated Acts

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Debits Tax (Amendment) Act (No. 5 of 2003) - Sect 2

Replacement of Section 2 of the Debits Tax Act, No 16 of 2002

2. Section 2 of the Debits Tax Act, No 16 of 2002 (hereinafter referred to as the "principal enactment")is hereby repealed and the following section substituted therefore :-
2. Subject to the provisions of section 13, there shall be changed and levied -
(a) on the total amount of the debits, made during each calendar month against each calendar account maintained at a commercial bank
(b) on the total amount of the debits, made during each calendar month against each savings account maintained at a commercial bank of a specialized bank, and
(c) on the amount realized on the encashment of a certificate of deposit of travelers cheque,

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