Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsCharge of the gifts tax
| 51. Subject to the other provisions of this Chapter, there shall be charged from every individual, other than an individual referred to in section 42, and from every company for any year of assessment commencing on or after April 1, 1979, a tax which is hereafter in this Act referred to as the " gifts tax " in respect of the taxable gifts made by such individual or company at the appropriate rates specified in the Fifth Schedule to this Act. |