4.
| (1) Every person who makes any deposit in accordance with the provisions of section 3 shall"
| | (a) make a declaration to the Bank in the form set out in the Schedule to this Act; and | | |
| | (b) be liable to pay to the Commissioner-General a tax of an amount equal to ten per centum of the face value of the specified certificate of deposit to which this Act applies, sold to the Bank in accordance with the provisions of section 3 ; and | | |
| | (c) be entitled to deduct, from the tax payable under paragraph (b), the amount of any stamp duty paid by him under the provisions of the Stamp Duty Act, No. 43 of 1982, in relation to that specified certificate of deposit. | | |
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| (2) The tax payable by any person under subsection (1) less any amount deductible under paragraph (c) of that subsection , shall notwithstanding anything in any other written law, be paid to the Commissioner-General by the Bank within fourteen days from the date on which the special account referred to in section 3 is opened by such person, from the moneys lying to his credit in that account. |
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| (3) The payment by the Bank, of the tax to the Commissioner-General, under subsection (2) from the moneys lying to the credit of any person in any such special account as is referred to in section 3 shall be deemed to be authorised by such person, and such tax shall be deemed to have been paid by such person to the Commissioner-General. |
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Sri Lanka Consolidated Acts