36.
| (1) Simple interest shall be paid at the rate of eight interest per centum per annum upon all estate duty unpaid after the expiration of twelve months from the date of death of the deceased and at the rate of twelve per centum per annum upon all estate duty unpaid after the expiration of thirty-six months from such date. |
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| (2) Interest shall be calculated for a full period of three calendar months upon the amount of duty unpaid at the commencement of such a period, the first such period commencing on the first of the month subsequent to the expiration of twelve months from the date of death. |
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| (3) Interest payable under this section shall be recovered as though it formed part of the estate duty in default. |
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| (4) Where any parson liable to pay any duty satisfies the Commissioner-General on or before the date he is required to pay such duty or any instalment thereof, that he has made arrangements for the payment of such duty or instalment, as the case may be, from any sum to be repaid to the estate of the deceased by the Government of Sri Lanka or from money lying to the credit of the deceased in the National Savings Bank or from moneys to be paid to the deceased from any pension or provident fund approved by the Commissioner-General, the Commissioner-General may grant such person an extension of time for the payment of such duty or instalment, as the case may be, and such duty or instalment, as the case may be, shall be deemed not to be in default until the expiration of such extended time, and no interest shall be payable on such duty or instalment during the period commencing on the date on which such extension is granted and ending on the expiration of the period of extension. |
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| (5) Where interest is payable on that part of estate duty arising on an additional assessment made under section 28 (2) the Commissioner-General may, having regard to the circumstances in which such additional assessment is made, waive or reduce such interest. |
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| (6) Where estate duty has not been assessed, the executor or other person liable to pay duty may pay the Commissioner-General any sum on account of, estate duty thereafter to be assessed; and any sum so paid shall on assessment be appropriated against the estate duty due from such person. |
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Sri Lanka Consolidated Acts