27. The following new section is hereby inserted immediately after section 96 of the principal enactment, and shall have effect as section 96A of that enactment :-
| 96A.
| | (1) Where any Non - Governmental Organization as defined in subsection (2) of this section, receives in any year of assessment, commencing on or after April 1, 2005 any money by way of grants, donations, contributions or by any other means, an amount equal;-to three per centum of such money, shall notwithstanding anything to the contrary in any oilier provision of this Act, be deemed to be the full profile and income of such year of assessment, and such profits and income of such non-governmental organization shall be deemed to arise in Sri Lanka. | | |
| | (2) For the purposes of subsection (1) a "Non Government Organization" means any organization or association formed by a group of persons on a voluntary basis which is non -governmental in nature dependant on grants, donations, contributions or money received from any other means loyally or from any foreign country or any foreign or local organization and established or constituted for the provision of relief and services of a humanitarian nature to the poor and destitute, to the sick orphans and widows, youth and children and generally for providing relief to the needy in times of disaster which is determined by the Commissioner-General to be a Non-Governmental Organization for the purpose of this section. | | |
| | (3) The profits and income of a Non Governmental Organization, shall be chargeable with income tax at the appropriate rate as specified in the Sixth Schedule to this Act: | | |
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Sri Lanka Consolidated Acts