5. Section 11 of the principal enactment as last amended by Act,No,37 of 2003 is hereby further amended as follows :"
| (1) by the renumbering of that section as subsection (1) of that section ; |
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| (2) in paragraphs (g) of the renumbered subsection (1) by the substitution for the words "any dividend paid to a shareholder of a company , out of any such dividend received by that company as is referred to in paragraph (a) or (f). if the first mentioned", of the words "any dividend paid to a shareholder of a company, out of any such dividend received by that company during the period for which dividends as is referred to in paragraphs (a), (b). (c). (d), (e) or (f) respectively, are exempt from income tax, if the first mentioned, ; |
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| (3) in paragraph (h) of the re-numbered .subsection (1) for the words "paragraph (a) or (f) wherever those words appear in that paragraph, of the words ''paragraphs (a), (b), (c), (d). (e) or (f)"respectively ;an" |
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| (4) by the addition immediately after the renumbered subsection (1), of the following new subsection :"
| | "(2)
| | | (a) The provisions of paragraph (b), (c), (d). or (e) of subsection (1) shall not apply to any dividend paid on or after April 1, 2004 . in relation to any agreement referred to therein , which has been entered into on or after November 6, 2002 : or |
| (b) The provisions of paragraph (f) of subsection (1) shall not apply to any dividend paid on or after April 1, 2004 by any company referred to in that paragraph, which qualified for an exemption on to after November 6, 2002. '. |
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Sri Lanka Consolidated Acts