Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 52 of 1998) - Sect 3

Amendment of section 9 of the principal enactment

3. Section 9 of the principal enactment as amended by Act, No. 24 of 1997 is hereby amended in subsection (1) of that section as follows :-
(1) in sub-paragraph (viii) of paragraph (f) of that subsection, by the substitution for the words "Overseas Economic Co-operation Fund of Japan;", of the words "Overseas Economic Co-operation Fund of Japan or the Commonwealth Secretariat in any of its programmes for technical Co-operation with Sri Lanka ;" ;
(2) in paragraph (o) of that subsection, by the substitution for the words "as the case may be ; and", of the words "as the case may be ;" ;
(3) in paragraph (p) of that subsection, by the substitution for the words and figures "prior to April 1, 1997 in such public corporation", of the words and figures "prior to, April 1, 1997 in such public corporation ; and " ; and
(4) by the addition, immediately after paragraph (p) of that subsection, of the following paragraph :"
(q) any sum paid to any employee by the employer of such employee, being a sum paid as compensation for loss of any office or employment consequent to "
(i) the voluntary retirement by such employee on or after November, 6, 1997, in accordance with a scheme, which in the opinion of the Commissioner-General is uniformally applicable to ail employees employed by such employer ;
(ii) the retrenchment of such employee on or after November 6, 1977 by such employer in accordance with a scheme approved by the Commissioner of Labour.


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