149. The licence duty a Pradeshiya Sabha is authorized to levy under section 147 in respect of any licence issued by the Pradeshiya Sabha authorizing the use of any premises or place for any of the purposes described in this Act or in any by-law made thereunder shall be determined from time to time by the Pradeshiya Sabha according to the annual value of the premises so licensed, and where such licence authorizes the use of such premises for the purposes of any trade, having regard to
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(a) the annual value of such premises;
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(b) the turnover of business of such trade; (c) the profit that is likely to be earned in such trade; and
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(d) the essential nature of the goods or services supplied in the course of such trade:
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Provided that where the annual value of such premises falls within the limits of any item in Column I set out below, the maximum duty shall not exceed the sum set out in the corresponding entry in Column II:
Provided further, that where any such premises are used for the purposes of a hotel, restaurant or lodging house, and such hotel, restaurant or lodging house is registered with or approved or recognized by the Sri Lanka Tourist Board for the purposes of the Tourist Development Act, No. 14 of 1968, the duty so levied shall be according to the takings of the hotel, restaurant or lodging house for the year preceding the year in which the licence duty is levied, and shall not exceed one per centum of such takings. Where such hotel, restaurant or lodging house is in its first year of operation, the licence duty shall be determined and levied according to the annual value of such premises. For the purposes of this section, "takings" in relation to a hotel, restaurant or lodging house means the total amount received or receivable from transactions entered into in respect of that hotel, restaurant or lodging house or for services performed in carrying on the hotel, restaurant or lodging house. |
Sri Lanka Consolidated Acts