12.
| (1) The Fund shall be exempt from the payment of customs and import duty on any goods imported for the purposes of achieving the aims and objects of the Fund. |
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| (2) The Fund shall be exempt from any income tax or wealth tax payable under the Inland Revenue Act, No. 28 of 1979. |
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| (3) Where any person makes a gift to the Fund, he shall be exempt from the payment of gifts tax under the Inland Revenue Act, No. 28 of 1979, to the extent of the total value of the gift. |
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| (4) Where any person makes a donation to the Fund during any year of assessment commencing on or after April 01, 1980, such donation shall be deemed to be an approved expenditure for the purposes of the Inland Revenue Act, No. 28 of 1979, and the donor shall be entitled to relief under that Act in respect of the total value of such donation. |
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| (5) The Fund shall be exempt from the payment of any rates and taxes under the Development Councils Act, No. 35 of 1980, the Municipal Councils Ordinance or the Urban Councils Ordinance, as the case may be. |
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| (6) The provisions of this section shall have effect notwithstanding anything to the contrary in the Inland Revenue Act, No. 28 of 1979, the Customs Ordinance, the Development Councils Act, No. 35 of 1980, the Municipal Councils Ordinance, or the Urban Councils Ordinance, as the case may be. |
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Sri Lanka Consolidated Acts