16.
| (1) The number of the prizes to be awarded in each national lottery and the value of each of such prizes shall be as prescribed. |
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| (2) Every prize awarded in a national lottery shall consist of a sum of money and every such prize shall be exempt from the operation of section 3 (1) (i) of the Inland Revenue Act, No. 4 of 1963, and shall not be included in the assessment of profits as income for the payment of tax by such prize winner under the provisions of that Act. |
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| (3) The prize winners in every national lottery shall be determined by the drawing of lots in public in the prescribed manner. |
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| (4) After the expiration of a period of six months reckoned from the date of the drawing of lots for the prizes in any national lottery, any prize in such lottery which has not been granted to the person entitled thereto by reason of the fact that such person is not to be found shall be forfeited and paid to the Fund of the Board: |
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Sri Lanka Consolidated Acts