13. Section 33 of the principal enactment is hereby amended as follows : "
| (1) in subsection (1) of that section"
| | (a) by the substitution in sub-paragraph (i) of paragraph (b) of that subsection, for the words and figures, " commencing on April 1, 1979, and ", of the words and figures " commencing on April 1, 1979;"; | | |
| | (b) by the substitution,-in sub-paragraph (ii)' of paragraph (b) of that subsection, for the words and figures, " commencing on or after April 1, 1980 ; ", of the words and figures " commencing on or after April 1, 1980, but prior to April 1, 1990 ; and ; " ; | | |
| | (c) by the insertion, immediately after sub-paragraph (ii) of paragraph (b) of that subsection, of the following new sub-paragraph : "
| | | '' (iii) fifteen, if that year of assessment is any year of assessment commencing on or after April 1, 1990 ; " ; |
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| | (d) by the repeal of paragraph (c); of that subsection, and the substitution therefor, of the following paragraph : "
| | | " (c) in the case of any public corporation , not less than seventy five per centum of the capital of which is provided by the Government, other than by way of loan, for any year of assessment commencing on or after April 1, 1986 (hereinafter referred to as " the relevant year of assessment"), an amount equal to twenty-five per centum of the balance of its profits for that year of assessment after deducting therefrom the tax payable for that year of assessment under paragraph (a) : |
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| (2) in subsection (2) of that section, by the omission of the definition of " quoted public company ". |
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Sri Lanka Consolidated Acts